I reckon AIC will raise $60m AUD to fund the plant expansion which from memory will cost $60m over a 12 month period. I think current cash wont be sufficient to fund the completion of the Jericho Drive, they’ll need about 10-15m more. Normal operations deliver about 30m cash per annum so with the debt should be sufficient for the expansion + have some buffer to do drilling etc.
With EBITDA at 60m this level of debt is sensible and should be easy to put in place.
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Last
30.5¢ |
Change
-0.010(3.17%) |
Mkt cap ! $219.1M | |||
| Open | High | Low | Value | Volume |
| 31.0¢ | 31.3¢ | 30.5¢ | $708.1K | 2.293M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 27057 | 30.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 60000 | 1 |
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| Last trade - 16.15pm 31/07/2025 (20 minute delay) ? |
| A1M (ASX) Chart |