Bloody hell. I'm now a shareholder and I don't know anything about this mob. I suspect like many I ended up with these shares after initially investing in Minotaur as an arbitrage into ADN (which I no longer hold). I think I scooped up a few more shares in the Demetalica IPO as the price looked reasonable when I had a little read into the prospectus and then I promptly forgot all about all about it. Somehow I have gone from owning a kaolin deposit on the Eyre Peninsula to an underground copper mine in far north Queensland.
Cloncurry brings back not so fond memories for me of Cudelco Ltd. That company billed itself as "the new force in copper" but ended being a complete train wreck. I got out without losing any money thank goodness. Ah I was young and naive!
A couple of questions.
1. How good are the AIC management team? How do you rate them? 2. What is the time horizon for digging up ore from Jericho and sending it to the Eloise ROM pad? 3. Can the Eloise underground operation be sustained in the mean time or is there going to need to be capital injected just to keep it going before we consider what is required to start mining Jericho? Let's assume we have seen a bottom in the copper price.
A1M Price at posting:
45.5¢ Sentiment: None Disclosure: Held
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