Dargues performance has killed moderate/good results from Hera and Peak. Hope for the best in next quarter, although do not know when the next quarter will come. A lot of emphasis is given on AISC in gold industries. But outside of AISC, AMI spent about $18.7m ($4.6m+$8.2m+$5.9m) over last nine months as Working Capital although I don't understand what is this cost and why this is kept outside AISC, happy to be educated on this. In addition, AMI spent about $18.1m ($4.4m+$6.6m+$7.1m) over the last nine months for Kairos development, hope to get Kairos benefit soon although waiting more than one year for this. Cash balance in this quarter reduced by about $28m which includes $13.6m Dargues purchase Stamp Duty and $2.3m for Dargues development outside AISC (again Dargues pain), sorry to see that much cash outflows. AMI needs a hefty cash balance to develop Federation soon.
Again hope is the pillar to be with AMI....DYOR.
P.S. Missing conference transcriptions from KKR.
Cheers, Gain7
AMI Price at posting:
40.0¢ Sentiment: Buy Disclosure: Held
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