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22.0¢ aeris resources limited

Ann: SUCCESSFUL COMPLETION OF RETAIL ENTITLEMENT OFFER, page-17

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154 Posts.

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19/12/23

10:27

Post #: 71521694
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Originally posted by daicosisgod: ↑

My memory is that Aeris purchased Round Oak for $234m of which $80m was in cash and $154m in AIS shares. I know there was a working capital payment adjustment in favour of Aeris but I cannot recall the amount.

What I see in Round Oak is a zinc mine in another state (stretching group management resources) and in a dirty low value commodity where there is plentiful supply. We have a series of short life copper projects around Mt. Colin where there may be toll processing restrictions, so what do we do then? And we have Stockman which we do not have the cash to develop and who would trust AL even if we did have the cash.

I cannot make up my mind whether it is good or bad to have Soul Pat’s as a 31% shareholder. And I cannot make up my mind if AL is more safe or less safe in his job with Soul Pat’s as a 31% shareholder.

And I too am way down on this investment. I shouldn’t hope for a copper price spurt, but in the case of Aeris what other hope is there?

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I suppose if Soul Pats are 31% holders, then the may have the power to improve the management team and make some better decisions. Every quarter has been worse than the last, surely it can't keep going? Do we have to wait for the next AGM to have board changes?

AIS Price at posting: 11.5¢ Sentiment: Sell Disclosure: Held
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(20min delay)
Last 22.0¢		Change 0.005(2.33%)		Mkt cap ! $212.8M

Open	High	Low	Value	Volume
22.0¢	22.5¢	21.5¢	$624.8K	2.806M

Buyers (Bids)

No.	Vol.	Price($)
6	422217	22.0¢

Sellers (Offers)

Price($)	Vol.	No.
22.5¢	182385	3

View Market Depth

No.	Vol.	Price($)
6	422217	0.220
14	740812	0.215
27	944446	0.210
9	659473	0.205
11	572500	0.200

Price($)	Vol.	No.
0.225	182385	3
0.230	437880	14
0.235	407180	5
0.240	421634	10
0.245	280378	5

Last trade - 16.10pm 17/07/2024 (20 minute delay)

AIS (ASX) Chart