Looks like Washington Soul Pats are going to continue to contribute, 11c is the new floor and after the record date there is nothing to stop the share price crashing through the floor at 11c if enough shareholders have had enough of this and want out. I assume that WSP can use the creep provisions to eventually get control?
Jaguar on C&M, may as well put everything except Cracow on C&M at the moment as they are just depleting orebodies and consuming cash while they deplete the resource in a profitless endeavor. Copper prices need to correct/moonshot for any turnaround. Not going to be able to sell these assets in the current market, so may as well put them all into C&M and go into cash preservation mode and preserve the orebodies for a time when they will produce a profit. Can Cracow carry the entire burden of AIS until Cu prices improve and costs come down?
As I've said before - not many underground base metal mines in Australia are making money at the moment, thanks to costs and metal prices, and this is another example of that
AIS Price at posting:
15.0¢ Sentiment: None Disclosure: Not Held
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