AIS 3.03% 17.0¢ aeris resources limited

Ann: SUCCESSFUL COMPLETION OF RETAIL ENTITLEMENT OFFER, page-19

  1. 191 Posts.
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    Hi Daicosisgod, Aeris paid $80 million in cash - $29 million working capital adjustment - $17 million cash acquired in subsidery = $34 million net cash used. Aeris also wasted $12 million on acquisition costs. Details are from note 30 to the consolidated accounts of the 2023 annual report:
    https://clients3.weblink.com.au/pdf/AIS/02724325.pdf

    Page 8 of the 2023 annual report states "Production from the Budgerygar deposit, part of the Tritton mine complex, was delayed by approximately 9 months due to geotechnical issues installing the ventilation shaft. The delay accessing ore from Budgerygar significantly impacted copper production for the year."

    Only somebody working at Tritton will know the exact details of the delay.
 
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