can only agree with the report...
-the resource is there;
-the plant is running (despite what the negative posters would like one to believe; and
- what is finnally needed is a qtr of being cashflow positive (after one and half qtr's of production to iron out the issues) to show that it is now a cashflow positve plant;
-hopefully they were conservative when they stated to the ASX they expect to make at least $2m net profit this qtr, with a MC of $23M that is a minimum annualised profit of at least $8m;
-if they can prove a minimum $2m profit this qtr we could then expect the profit to increase over the next qtr with more cost efficiencies;
A couple of other points:
- from part III of the report it lists the top 25, it seems whilst AAM was No.14 it was No.6 out of the Australian companies listed- although whilst i strongly agree with their No.3 IOH, I am not confident of TRF which was No.7 (no.2 out of Australian companies).
- Also Kiener was on CNBC this morning mentioning he believed Gold would go to $1,650-1,750 with most mentioning as well that they expect the Aussie $ to retrace a litle against the $US to $0.90c. This would be a double bonus for AAM and we could expect profits to only increase.
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aam in ceasers top 25 mining tips for 2011, page-2
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Last
3.5¢ |
Change
-0.002(5.41%) |
Mkt cap ! $21.21M |
Open | High | Low | Value | Volume |
3.7¢ | 3.7¢ | 3.4¢ | $4.315K | 123.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 18000 | 3.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.6¢ | 25000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 18000 | 0.035 |
1 | 50000 | 0.034 |
2 | 90000 | 0.032 |
1 | 24998 | 0.031 |
5 | 450033 | 0.030 |
Price($) | Vol. | No. |
---|---|---|
0.036 | 25000 | 1 |
0.037 | 65576 | 1 |
0.038 | 70266 | 1 |
0.040 | 42368 | 2 |
0.041 | 30000 | 1 |
Last trade - 15.34pm 31/07/2025 (20 minute delay) ? |
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