AIS 2.27% 22.5¢ aeris resources limited

Ann: QUARTERLY ACTIVITIES REPORT - DECEMBER 2021, page-91

  1. 327 Posts.
    lightbulb Created with Sketch. 107
    I agree in so much as shares at $1.40 would not have the 'stickyness' of a 0.5c increment. One could do a 1:10 consolidation to solve your 'billion share problem', and might be an OK idea (though as others note it generally sends a poor signal), it's just paperwork. Every stat that's 'per share' just bumps up one decimal place.

    Interestingly now Cracow is paid off, for the last 2 or 3 quarters gold profit has paid for substantial drilling and development work on the new Cu ore sources. So much so we have had stable or slightly increasing cash at bank, as opposed to going close to nett debt position. That is likely to be the case for next 6 months as well until mill grade jumps up. That said increasing copper price should shore up FCF even as development accelerates.

    Which means on the interest rate topic, with a substantial cash as bank position, and earnings to cover all expected costs for quite a few quarters (till Constellation, which is another topic altogether), we are in a pretty good position, with quite a substantial rainy day buffer in the bank (best kept not spent)









 
watchlist Created with Sketch. Add AIS (ASX) to my watchlist
(20min delay)
Last
22.5¢
Change
0.005(2.27%)
Mkt cap ! $217.6M
Open High Low Value Volume
22.5¢ 22.8¢ 21.5¢ $464.4K 2.093M

Buyers (Bids)

No. Vol. Price($)
7 245097 22.0¢
 

Sellers (Offers)

Price($) Vol. No.
22.5¢ 153347 3
View Market Depth
Last trade - 16.10pm 12/07/2024 (20 minute delay) ?
AIS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.