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

First 8 Last

Share
Profile

Follow
Aqua65

5,507 Posts.

3270

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

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

XRO

'Step-change' for Xero internationally with $3.9B deal to buy US bill pay platform

GRE

Juicy copper-zinc target brings GreenTech closer to near-term Whundo production

TKM

Trek Metals brings in another drill rig to dive deeper at Christmas Creek

BPH

Australia’s gas crisis is here – and dying coal plants aren’t helping

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 30.5¢		Change 0.005(1.67%)		Mkt cap ! $172.7M

Open	High	Low	Value	Volume
30.5¢	30.5¢	30.0¢	$172.2K	572.6K

Buyers (Bids)

No.	Vol.	Price($)
16	648584	30.0¢

Sellers (Offers)

Price($)	Vol.	No.
30.5¢	213205	19

View Market Depth

No.	Vol.	Price($)
16	648584	0.300
33	1110751	0.295
35	1380231	0.290
8	129515	0.285
20	626406	0.280

Price($)	Vol.	No.
0.305	213205	19
0.310	63126	9
0.315	214620	8
0.320	130218	6
0.325	28376	2

Last trade - 12.22pm 25/06/2025 (20 minute delay)

A1M (ASX) Chart

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

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

'Step-change' for Xero internationally with $3.9B deal to buy US bill pay platform

Juicy copper-zinc target brings GreenTech closer to near-term Whundo production

Trek Metals brings in another drill rig to dive deeper at Christmas Creek

Australia’s gas crisis is here – and dying coal plants aren’t helping

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

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

Top Stories

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

'Step-change' for Xero internationally with $3.9B deal to buy US bill pay platform

Juicy copper-zinc target brings GreenTech closer to near-term Whundo production

Trek Metals brings in another drill rig to dive deeper at Christmas Creek

Australia’s gas crisis is here – and dying coal plants aren’t helping

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News