EBITDA for the half year to 31/12/23 was $34 million with...

EBITDA for the half year to 31/12/23 was $34 million with adjusted EBITDA $44 million. Comparable figures for 31/12/22 were $16 million & $24 Million. So things are improving with all 3 operating mines (Triton, Cracow & Mount Colin) profitable at an EBITDA level. The big issue now is debt refinancing - note from Auditor in accounts as below:

Material uncertainty relating to going concern
We draw attention to Note 1 in the half-year financial report, which indicates that the Group is dependent
on refinancing and increasing its ANZ Contingent Instrument Facility, which expires on 30 August 2024,
to meet their known and projected increases in rehabilitation obligations, as well as fund additional
bonding requirements at its Tritton operations ahead of the facility expiry date. These conditions, along
with other matters set forth in Note 1, indicate that a material uncertainty exists that may cast significant
doubt on the Group’s ability to continue as a going concern. Our conclusion is not modified in respect of
this matter.

So provided AIS can refinance the ANZ Contingent Instrument facility (AUD $50 million expires Aug 30/08/24) and then later the WHSP Facility (AUD $50 million expires August 2025) and provided base metal prices continue to hold steady or improve, we should be OK.

I'll be waiting to receive confirmation that the refinancing has been completed successfully before I consider adding to my relatively small position.

GLTA & DYOR