AIS 2.78% 17.5¢ aeris resources limited

I have been very hesitant to purchase anymore AIS stock since...

  1. 11,722 Posts.
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    I have been very hesitant to purchase anymore AIS stock since the share price demise and catastrophic failures of management which started a couple of years ago, but I now think that now is as good a time as ever to think about averaging down. I do not think the quarterly deserved a 15% red day response at all. So, I am going to put in an order tomorrow around 25c. Copper prices are in complete bull mode, the quarterly showed signs of cost reduction and performance improvement during a quarter which was mostly before the Cu price recovery. I think the market is not thinking medium to long term here with the massive paydown of debt and complete business reversal which will 100% take place if Cu prices stay at these levels or higher. I have been waiting for a sign to average down and this appears to be it Imo.
 
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Last
17.5¢
Change
-0.005(2.78%)
Mkt cap ! $169.3M
Open High Low Value Volume
17.5¢ 18.0¢ 17.0¢ $199.2K 1.136M

Buyers (Bids)

No. Vol. Price($)
5 66408 17.5¢
 

Sellers (Offers)

Price($) Vol. No.
18.0¢ 562727 11
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Last trade - 16.10pm 02/09/2024 (20 minute delay) ?
AIS (ASX) Chart
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