Ann: AMI-Peak Exploration Update, page-59

AMI did have a weaker start to the year than many expected that is no secret, the annualised Pre Tax Profit is sitting at 82 million as per the below, I would imagine a much stronger second half coming up due to the high grades that will be pulled at Hera and the AUD gold price averaging above 1850 for most of Jan and Feb.

EBITDA margin of 44%
• Strong cash flow from operations $57M
• Net cash flow in the period of $41M ($108M cash at bank 31 Dec 18)
• Pre-tax profit increases 137% to $43.4M
• Tax expense of $17M (with all tax losses utilised, now tax payable position)
• Net profit of $26.4M (after gold derivate loss and 39% tax expense due to under provision in FY18)

Idle, you posted the below over a year ago, I appreciate none of us have a crystal ball but the company has since paid off all its debt, is banking approximately 100 million per year pre tax profit and has created serious value for long term investors like myself.

Would you be so kind as to explain your current negative tone towards a company that has removed its self from a debt position to a net cash position, made a very smart acquisition that paid for itself within a few months and has since seen its share price increase by close to 3 times in the last 12 months?

https://hotcopper.com.au/threads/an...4177144/page-17?post_id=32949538#.XHEq1S1L3RY

I note your holdings in company's like APT and NCZ, they have also been volatile but are not make anything close to the money AMI is making and you seem to have no problem justifying the market caps of these companies? Each to their own I guess..

All the best mate. with your investments mate.