Listened to the call, confirmed that underlying performance for the old business in Peak and Hera is strong. Still think a lot of the share price performance is down to a very risk averse financing structure of the Dargues deal, diluting the shareholders with probably 150m more shares issued than needed.
Sounds like FY22 and FY23 could be big gold years though if Dargues is hitting it's peak grades and throughput at the same time we are mining Kairos at Peak, and the recent increase in base metals grades have taken some of the doom and gloom out of Hera moving past it's high grade gold to the lower grade gold, higher grade base metals feed that it has remaining in it's ore reserve.
Still undervalued, and it sounds like their is pending drilling releases for Great Cobar from surface, Kairos from underground drilling both infill and extensional, Federation both infill and extensional and now Dargues, both infill and extensional. Would be looking for results from all of them this quarter.
AMI Price at posting:
41.0¢ Sentiment: Buy Disclosure: Held
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