AIS aeris resources limited

Ann: CONSTELLATION PROJECT UPDATE, page-18

  1. 14,625 Posts.
    lightbulb Created with Sketch. 1480
    Thanks ST, great summary.

    That $100m of capital expenditure was a killer. AIS has never recovered after this and virtually no explanation from AL.

    The Round Oak acquisition was a disaster. Soul Patt’s extracted $80m in cash but it’s remaining investment has dropped in value.

    As I posted previously and @Exised agrees with me. MaximisecTritton and Cracow and forget
    about reopening Jaguar and I say put Stockman on the very go slow.

    Maximise cash Andre, get the debt sorted out and build some cash reserves before any new major capital programs.
 
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