This is what we were saying as DRM holders during the takeover...

First 8 Last

Share
Profile

Follow
Aqua65

5,495 Posts.

3264

22/10/24

20:59

Post #: 76249586
Share

Originally posted by vandeleur: ↑

Couple of points to muse on from the annual report and most recent quarterly;

1) The language from the chairman in the annual report has changed. His last paragraph under the title 'growth' is 90% the same words and in the same order as last year. But 4 words have changed from the same spot in last years. Why change 4 words, and the title, when you have copied and pasted the other 90% of words...?

2) In the quarterly on pages 7 and 9 they are clearly referencing a larger plant than 1.1mtpa. On page 9 it is actually referenced TWICE in the same paragraph. Its clearly happening.

3) In the Quarterly there is a map / pic of the new plant. This seems to have moved / changed a fair bit in the last 6 months. ALSO at different points they talk either about an expanded plant OR new plant. This could just be grammatical? Or could they be looking at running both or in some kind of tandem?

In summary, i'm quite convinced we aren't going for a 1.1mtpa plant. My best guess is that in line with the confirmation of funding of the plant in the next few months, and more drill results from Sandy Creek in November and the promised Jericho / Eloise resource upgrade in the next few months we will be committing to a larger plant and output.

And lastly, but to be considered, i don't think the Eloise mine is that desirable from an M&A perspective. Its deep, hot and perhaps limited. BUT Jericho to me looks like it might end up being rather large, and much larger than AC and others first realized, as they have clearly stated several times. Currently going down to 500m its relatively shallow and high grade. Might it already be on other miners radars?

DYOR

Expand

This is what we were saying as DRM holders during the takeover time by AIC Mines !

Jericho is truly company making for A1M , &
DRM completely transformational for the company for through the next decades with all of the ex MEP + DRM/ SFR/OZL huge regional ground and resources and prospects for next decades.

Last edited by Aqua65: 22/10/24

A1M Price at posting: 36.5¢ Sentiment: Buy Disclosure: Held
14 Upvote

2 Great analysis

Reply

Top Stories

PH2

Iran, nuclear energy, oil – a revival for hydrogen! Nel ASA, Pure Hydrogen, Plug Power, and Oklo

DYL

Much-shorted Oz Uranium stocks enjoying big week – and big price jumps

ASM

'Encouraging' signs as ASM puts cash-saving options to test at Dubbo drill site

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

BBT

'Clearly superior': Betr doesn't want to accept PointsBet picking Mixi instead

First 8 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 35.5¢		Change 0.010(2.90%)		Mkt cap ! $201.4M

Open	High	Low	Value	Volume
34.5¢	35.5¢	34.0¢	$416.8K	1.200M

Buyers (Bids)

No.	Vol.	Price($)
7	128289	35.0¢

Sellers (Offers)

Price($)	Vol.	No.
35.5¢	108304	6

View Market Depth

No.	Vol.	Price($)
7	128289	0.350
6	74262	0.345
14	224314	0.340
7	130046	0.335
17	296575	0.330

Price($)	Vol.	No.
0.355	108304	6
0.360	294805	6
0.365	54490	3
0.370	75731	3
0.375	37468	3

Last trade - 13.17pm 17/06/2025 (20 minute delay)

A1M (ASX) Chart

This is what we were saying as DRM holders during the takeover...

Iran, nuclear energy, oil – a revival for hydrogen! Nel ASA, Pure Hydrogen, Plug Power, and Oklo

Much-shorted Oz Uranium stocks enjoying big week – and big price jumps

'Encouraging' signs as ASM puts cash-saving options to test at Dubbo drill site

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

'Clearly superior': Betr doesn't want to accept PointsBet picking Mixi instead

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

This is what we were saying as DRM holders during the takeover...

Top Stories

Iran, nuclear energy, oil – a revival for hydrogen! Nel ASA, Pure Hydrogen, Plug Power, and Oklo

Much-shorted Oz Uranium stocks enjoying big week – and big price jumps

'Encouraging' signs as ASM puts cash-saving options to test at Dubbo drill site

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

'Clearly superior': Betr doesn't want to accept PointsBet picking Mixi instead

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News