Have a second take at AMI. At least don't bundle them with AIS....

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02/02/24

11:18

Post #: 72201550
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Originally posted by vandeleur: ↑

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.

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Have a second take at AMI. At least don't bundle them with AIS. (New) Management differential galaxies apart. One has a strong narrative - the other slopping around in mud.

A1M Price at posting: 28.5¢ Sentiment: Buy Disclosure: Not Held
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(20min delay)
Last 33.0¢		Change -0.015(4.35%)		Mkt cap ! $189.9M

Open	High	Low	Value	Volume
35.0¢	35.0¢	33.0¢	$135.9K	404.0K

Buyers (Bids)

No.	Vol.	Price($)
18	194009	33.0¢

Sellers (Offers)

Price($)	Vol.	No.
33.5¢	114150	5

View Market Depth

No.	Vol.	Price($)
19	198114	0.330
18	310306	0.325
14	506971	0.320
6	272464	0.315
5	141419	0.310

Price($)	Vol.	No.
0.335	74150	4
0.340	24723	2
0.345	41723	4
0.350	170846	5
0.355	106000	3

Last trade - 11.23am 19/06/2025 (20 minute delay)

A1M (ASX) Chart

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Have a second take at AMI. At least don't bundle them with AIS....

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