29M are likely to be heading into receivership / administration this quarter. Very high cost producer + weather + lack of a decent insurance broker + average management = not a great outcome. AIC does seem to stand pretty much alone and perhaps without peer in this sub 25,000t pa space? Are we missing anyone? I'm in AIC because of management track record and the possible upswing in copper (although i'm not convinced by the upswing argument re Cu) AIS and AMI have done a great job blowing themselves up. The Perth crowd like to talk up DVP and others CNB but neither are producing, and quite likely won't. NorthParks are now EVN. Its a big void below SFR! In summary, and to answer your question, i'm not sure if there has been a shift in capital to AIC from 29M. Volumes have been low and to be fair to 29M punters who have pretty much lost the lot would you, from their position, give Cu another go after what's happened there? I'm not sure i would.
A1M Price at posting:
28.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)