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4.26%

49.0¢ aic mines limited

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 49.0¢		Change 0.020(4.26%)		Mkt cap ! $219.6M

Open	High	Low	Value	Volume
47.5¢	49.0¢	47.0¢	$461.3K	968.2K

Buyers (Bids)

No.	Vol.	Price($)
6	54740	48.5¢

Sellers (Offers)

Price($)	Vol.	No.
49.0¢	54798	9

View Market Depth

No.	Vol.	Price($)
5	45492	0.480
10	140940	0.475
13	128359	0.470
4	32694	0.465
10	151485	0.460

Price($)	Vol.	No.
0.485	125513	10
0.490	79992	7
0.495	30355	6
0.500	128108	9
0.505	99995	6

Last trade - 15.15pm 02/05/2024 (20 minute delay)


Last 48.5¢			Change 0.020 ( 3.19 %)
Open	High		Low	Volume
47.5¢	49.0¢		47.0¢	324795
Last updated 15.18pm 02/05/2024 ?

A1M (ASX) Chart