A1M aic mines limited

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A1M: General Comments, page-117

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Christian Dyor

7,176 Posts.

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21/04/23

10:48

Post #: 67391865
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Originally posted by Aqua65: ↑

It doesn’t make sense to have multiple corporate offices atm— around Australia, for level of production and holdings.

Hoping this is more only a shared reception desk situation, or I don’t understand how this can be. and be remotely efficient or even utilised ?

The company operates out of Perth, Aaron lives in Perth, and also Cloncurry is where there are the major operations.

They need office in Cloncurry, and to build their presence there and in region. This is significant activity and ramping up production. ( and they needed Jericho, but hey I will stop repeating this and re under- acknowledgement Demetallica acquisition and the very cheap value paid in shares to holders- we need the growth now in AIC Mines. And it should come.)

Townsville is nearer to action than is Sydney.
Really they could use a bedroom out the back or accommodation on- site at their Cloncurry office for when the boss or extra team members are in town, energency extra beds? I would think , be handy though of course there is accommodation on- site at camp at Eloise too , just thinking, to maximise the value from paying rent in town. Aaron would have plenty of contacts in Cloncurry through his management in EVN for so long.
Hotels and motels can fill up with travellers and contract airport personnel( managed with FIFO key staff ) & many visitors for work.
Ceo deserves a motel bed when in town for sure.

But offices- everywhere else also?
I have never understood this. Have the regional offices- once have operations only, and near to where production and action is.

At present action - is only in Cloncurry, and all else is exploration areas?

Expand

I agree , I would imagine it is the location of staff members or service providers contracted by A1M that address certain needs and you just pop office on the tail end ? . will have a look over another time

I am in my Melbourne office right now will be in my Bali one on a few months

if there are paying for space it would be an easy cost saving measure

Last edited by Christian Dyor: 21/04/23

A1M Price at posting: 40.5¢ Sentiment: Buy Disclosure: Held
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