As I've posted before, the supergene at Beta is variably damp and needs to be blended with harder and drier ore types. Even so, a proportion of supergene in the mix should be lifting average grades towards the levels you suggested in one of your recent posts. High silver levels can be expected to remain a complicating factor. My prediction is that the mine is currently operating at profitable levels but funds are not yet accumulating at a fast enough rate to implement plant upgrades as quickly as management would/should want. The recent advertising will not have been free but it will be raising the profile of the company. The reason I suggest this is happening is because I predict they are working to raise perhaps A$2M. This would be enough to streamline plant production as suggested in the SPP.
BB,
I regularly trade a proportion of my holdings. This time I chose to tip in the lot. I remain confident in the long term future of the company. If there is a cap raising, I intend to be available to participate just as I was available for the original SPP. Of course a decision to actually participate depends on what sort of value is offered by the (hypothetical) cap raising.
AAM Price at posting:
15.0¢ Sentiment: LT Buy Disclosure: Not Held
