I reckon AIC will raise $60m AUD to fund the plant expansion which from memory will cost $60m over a 12 month period. I think current cash wont be sufficient to fund the completion of the Jericho Drive, they’ll need about 10-15m more. Normal operations deliver about 30m cash per annum so with the debt should be sufficient for the expansion + have some buffer to do drilling etc.
With EBITDA at 60m this level of debt is sensible and should be easy to put in place.
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31.5¢ |
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Mkt cap ! $236.8M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 6 | 40888 | 31.0¢ |
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| Last trade - 16.10pm 07/08/2025 (20 minute delay) ? |
| A1M (ASX) Chart |