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24.5¢ aeris resources limited

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

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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 24.5¢		Change -0.005(2.00%)		Mkt cap ! $244.3M

Open	High	Low	Value	Volume
25.5¢	26.0¢	24.5¢	$684.4K	2.698M

Buyers (Bids)

No.	Vol.	Price($)
19	626848	24.5¢

Sellers (Offers)

Price($)	Vol.	No.
25.0¢	309386	19

View Market Depth

No.	Vol.	Price($)
23	485375	0.250
16	583728	0.245
19	403037	0.240
9	399040	0.235
28	923113	0.230

Price($)	Vol.	No.
0.255	581406	28
0.260	233828	9
0.265	312640	10
0.270	278171	5
0.275	286762	4

Last trade - 13.00pm 06/06/2024 (20 minute delay)


Last 24.8¢			Change -0.005 ( 1.98 %)
Open	High		Low	Volume
25.5¢	26.0¢		24.5¢	1219947
Last updated 13.11pm 06/06/2024 ?

AIS (ASX) Chart