Ann: Results of Extraordinary General Meeting, page-15

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entropylord

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17/08/24

00:04

Post #: 75247701
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Originally posted by vandeleur: ↑

The Escondida strike if, and i say if, it were to continue for a few months would certainly put a rocket under the AIC sp which has behaved like a Copper price proxy these last 8 months. This said i think the strike is unlikely to continue for very long, BHP have clearly stated that Copper is where they want to be in the future, and i wouldn't have thought the BHP CEO would want a big Chilean copper mess via an industrial dispute on his watch? (would the board tolerate it?).

I have been reflecting on AIC for a bit recently, and like many others i'm back at my starting price, in fact slightly under, ouch! But i'm sleeping well. Why? It comes down to 2 fundamental things;

1) When The Chairman and CEO bought Eloise i don't believe there was already a deal done re Jericho. They must have been pretty damn optimistic about Eloise as a standalone operation. This by itself tells you a lot. They are excellent operators of mines, very good at M&A and back themselves.

2) The recent raising was simply world class in timing, and they followed up themselves taking up rights at a massive premium and AC also only 2 weeks ago bought again on market.

Being proven in M&A and capital raising, as per the above, and having the initial confidence in the Eloise mines operation when they bought it as a standalone gives me huge confidence. What happens next from here could possibly be a boring 2 years of tunneling but my gut feel is that something may just come out of the blue as per the above 2.

Certainly they have refocused on exploration. Would significant results move the dial? I'm not so sure. Would a rising copper price, Absolutely! And then there's left field events.....One could only speculate.

Until then we are a proxy to Copper.

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It wont be just boring. There will be lots of news, intercepts from boring from the bore, and plenty of boring intercepts elsewhere in the vicinity of the mines.

A1M Price at posting: 30.0¢ Sentiment: Buy Disclosure: Held
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