With half of my portfolio in miners, I can see a marked underperformance of the smaller players like AIS in the portfolio. There is definitely a rotation going from smaller players to the larger and more established ones.
I think it maybe be due to the high inflationary numbers we are currently seeing. The market is pricing debt at a more expensive rate moving forward and the smaller end of the mining town is known to be more capital intensive. This in turn puts a bit of a discount on smaller players like AIS.
The less than ideal quarterly and conservative guidance didn't help our cause either... So a bit more patience and a reign in of expectations is required here.
Ann: CONSTELLATION DRILLING PROGRAM UPDATE, page-42
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Last
18.0¢ |
Change
-0.020(10.0%) |
Mkt cap ! $174.1M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 19.5¢ | 17.5¢ | $871.9K | 4.785M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 258558 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 291872 | 7 |
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| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| AIS (ASX) Chart |