Ann: Managing Director's 2021 AGM Presentation, page-12

What a dog of a stock

watdafreak says: "What a dog of a stock"

What kind of dog did you mean? A Golden Labrador? A Golden Retriever? A Silver Weimaraner?
Did you mean a working dog like a Sheepdog, a Border Collie, a Kelpie, or a Cattledog that
never gives up.

This company is like a mineral orebody sniffer dog. Look at the recent discoveries that AMI
has sniffer out and now AMI is sniffing around Great Cobar, a mine that was never mined out.
Mining stopped around about the time of the Great War when labour was scarce and copper
prices low. AMI will crank up Great Cobar but it will take time. There is plenty of ore and plenty
of money to be made from Great Cobar. Some people phantasise about buying Glencore's
CSA mine but with Great Cobar, Kairos, and Federation, AMI does not need the CSA mine.

This company is profitable. It is not going broke. It has increased revenue and increased profit,
and reduced debt. It has got the Dargues mine churning out a profit. Dargues was a contentious
purchase at the time but with some dogged determination the mine has been turned around.

Th Broken Hill mines were enormously profitable but they came and went. The Cobar mines
by comparison have longer lives. Like a good old dog, AMI will be scratching around Cobar
for decades to come, long after some people have sold out, "cos it's a dog".