Ann: Quarterly Update and Outlook - March 2024, page-11

First 11 Last

Share
Profile

Follow
TheLastTrader

223 Posts.

40

24/04/24

11:29

Post #: 73494269
Share

Originally posted by precis: ↑

I think this report is better than it is being given credit for. For starters we conserved cash despite $20 million Capex spend. Of course the tax refund paid for most of it but we are a quarter closer to Federation with $106 million cash still available. In addition we have $14 million of inventory for sale this quarter to add in, and great increases in copper and gold production expected for the quarter. So if you think about it, we will probably get to the end of this quarter with still over $100 million cash. I'm pretty sure if you'd been asked if we can get to the quarter when Federation begins without using any cash, every shareholder would say how awesome that would be. So roll on Federation and keep up the good work at Peak which has more or less paid for most of the development itself. Peak has so much more to offer and like I've said, at today's prices Federation has about $3 billion of reserves and if that's an 8 year LOM at the moment (extensions to add on) then we have revenue of $375 million p.a. just from Federation.

The thing I liked most was we absorbed an unplanned maintenance stoppage and didn't use this as an excuse for our performance, but rather said how it was overcome, and we produced a reasonable outcome. That's a far cry from previous management that couldn't help but blame misfortunes on our decline instead of looking in the mirror. Federation is fast approaching now, and though we don't have a definitive start up date, we do know it is during the next quarter. As we approach this start-up there will definitely be upwards pressure.

Finally we are now operating with a full exploration budget rather than a collapsed one. This budget has successfully found an extension close to surface at Federation West, has found high grade stuff at Nymagee and some good gold at Chesney east at Peak. We aren't just planning for tomorrow but seem to have a real focus on optimizing Peak in the short term, Federation and Peak extensions will grow us through the medium term, and Nymagee, Great Cobar and more (we are drilling at Queen Bee for starters) will see us into the longer term. To me the company is looking stronger than it has in a long time.

Finally to every cloud there's a silver lining. Though I shudder at Dragues and our past management and Board, just think, if we hadn't bought it we might still have Clifford at the helm.

Expand

the thing that urks me the frequency of unplanned maintenance and equipment failure with this company

or is that an unfair statement

AMI Price at posting: 18.5¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

Plagues precede widespread power shifts. We’re living in one – and minerals are at the fore

SBW

Shekel Brainweigh CEO Nir Leshem weighs in on AI adoption ahead of FY25

RDN

If you thought lithium was dead, think again. The Pilbara will be central to the next upswing

FHE

Frontier Energy achieves key milestone for Waroona energy project

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

There are more pages in this discussion • 15 more messages in this thread...

First 11 Last

Add AMI (ASX) to my watchlist

(20min delay)
Last 19.0¢		Change 0.010(5.56%)		Mkt cap ! $296.0M

Open	High	Low	Value	Volume
18.0¢	19.0¢	17.5¢	$377.0K	2.058M

Buyers (Bids)

No.	Vol.	Price($)
7	391094	18.5¢

Sellers (Offers)

Price($)	Vol.	No.
19.0¢	1277242	16

View Market Depth

No.	Vol.	Price($)
7	391094	0.185
6	838260	0.180
12	332942	0.175
11	587147	0.170
6	1216438	0.165

Price($)	Vol.	No.
0.190	1277242	16
0.195	874946	14
0.200	1117143	19
0.205	767845	9
0.210	1255323	11

Last trade - 15.47pm 21/06/2024 (20 minute delay)

AMI (ASX) Chart

Ann: Quarterly Update and Outlook - March 2024, page-11

Plagues precede widespread power shifts. We’re living in one – and minerals are at the fore

Shekel Brainweigh CEO Nir Leshem weighs in on AI adoption ahead of FY25

If you thought lithium was dead, think again. The Pilbara will be central to the next upswing

Frontier Energy achieves key milestone for Waroona energy project

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Quarterly Update and Outlook - March 2024, page-11

Top Stories

Plagues precede widespread power shifts. We’re living in one – and minerals are at the fore

Shekel Brainweigh CEO Nir Leshem weighs in on AI adoption ahead of FY25

If you thought lithium was dead, think again. The Pilbara will be central to the next upswing

Frontier Energy achieves key milestone for Waroona energy project

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News