Ann: SUCCESSFUL COMPLETION OF RETAIL ENTITLEMENT OFFER, page-26

Yeah - through some retail entitlement action and some fancy footwork trading a few weeks ago I have got a very small position at an average of around 10.5c or so, the goal being to have lower cost average than W H Soul Pattinson, will be interesting to see what happens here, its only a small position so not concerned if the position is temporarily smoked, and obviously needs the operation performance to improve, metal prices to improve and the huge overhang (of many other shareholders being well and truly underwater) to work out. So its not going to be a super quick recovery in the AIS share price.

In my opinion not the best buy in copper on the ASX in 2023 (that would be A1M CPM and FFM), and maybe but a nice little test of counter-cyclical strategies for myself.

A1M is a good comparison, how come A1M soared while AIS failed in 2023? They both have high grade underground operations but A1M also executed better, which comes down to better management and maybe a higher grade orebody, FFM a Steve Parsons 'fanclub' but yet to be proven, and a bit of exploration success can be rewarded as demonstrated by CPM, but exploration success can also be ignored like at CNB.