This is a very good quarterly report. A nice cash build up after...

This is a very good quarterly report.
A nice cash build up after repaying debt.

Cash at 31 December of A$95.2M (SepQ: A$66.1M) with outflows during the quarter including A$10M growth capital expenditure, A$4M debt reduction (term debt outstanding A$28.8M) and A$5.5M of cash backing for environmental guarantees (restricted cash A$18.3M).

The Federation drilling results are fantastic.
All in all, the work done in the last 2 years is now showing good result.
Apart from the poor sentiment in gold sector, US Fed interest rates drama, geo-political tensions which are beyond the miners control, things looking good at Aurelia.
The fact is Aurelia is growing it's business and making good money.
Sooner or later the market will notice and re-rate this stock. 50-60c is likely coming, could happen any day now or may never happen, who knows. But I'm comfortable holding AMI and thankfully bought more on Tuesday's brutal selloff.
This stock should trade higher. The technical picture is also very good and pointing to higher prices. The cappers are at work though. Time will tell and patience of 12 men will be required.