Agree with your points Ants. Adding a couple more, failure of mining equipment at Budgerygar and labour shortages affecting production rates. The fact that cash at quarter end is down and cash and receivables at quarter end are largely unchanged is a very poor result given the very high gold prices received during the quarter. The MD has shown once again that he consistently provides over optimistic guidance and then underperforms. Better to be more cautious and then meet or exceed expectations. Unfortunately equipment failures, unexpected capital expenditures and very high finance costs occur way too regularly at Aeris.
AIS Price at posting:
19.5¢ Sentiment: Hold Disclosure: Held
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