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31.0¢ aeris resources limited

I suppose if Soul Pats are 31% holders, then the may have the...

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bobck

148 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 31.0¢		Change 0.020(6.90%)		Mkt cap ! $299.9M

Open	High	Low	Value	Volume
29.5¢	32.5¢	29.5¢	$3.589M	11.48M

Buyers (Bids)

No.	Vol.	Price($)
10	265602	31.0¢

Sellers (Offers)

Price($)	Vol.	No.
31.5¢	81181	2

View Market Depth

No.	Vol.	Price($)
9	252802	0.310
8	397614	0.305
7	179051	0.300
3	124188	0.295
8	225351	0.290

Price($)	Vol.	No.
0.315	81181	2
0.320	542586	11
0.325	592316	10
0.330	229806	6
0.335	107327	7

Last trade - 16.10pm 16/05/2024 (20 minute delay)


Last 31.0¢			Change 0.020 ( 6.38 %)
Open	High		Low	Volume
29.5¢	32.5¢		29.5¢	5959604
Last updated 15.59pm 16/05/2024 ?

AIS (ASX) Chart