Fair comments @eastwest101 good observations/tips. I see AIS...

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philh9

11,735 Posts.

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21/12/23

11:51

Post #: 71567042
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Originally posted by eastwest101: ↑

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.

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Fair comments @eastwest101 good observations/tips.

I see AIS putting on show in 24, I think its been well over done. May sound odd right now, but I believe its still a bit of a retail darling and when the winds in the right direction the market will mark up. Given the moves I expect in the early part of next year they will pile in on stability of cash and better all round performance at sites. I believe management are better than 23 and for sure they had better be!

A lot of my best cu buy 23 rate is based upon the absolute flogging its taken, near a belly up judgment with the value distruction massive compared to the actual assets/potential as it stands right now.

Momentum is a powerful thing, assumming cu will do well and cash improving, as I do for both, we should then see the whole box and dice blossum in retail eyes, IMHO.

As alway time will tell, thats my take on it.

Cheers
Phil.

AIS Price at posting: 12.5¢ Sentiment: Hold Disclosure: Held
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1 Great analysis

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