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5.26%

18.0¢ aeris resources limited

This is is great. Thanks mate will do some more research. Cheers

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midmid21

212 Posts.

27

06/09/19

15:16

Post #: 40341465
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Originally posted by Dazedandconfused: ↑

Hi midmid21

This used to be a sub 5 cent stock... marginal producer with high debt. It spiked hard when the Native Title concerns were finally resolved with the Torrens prospect. Since then AIS raised @ 20 cents [when it was trading for ~30] paid down some debt, Torrens drilling got out of control and also produced disappointing early results [currently paused and subject to a restart], throughout a large seller exited [?no idea who but there wasn't enough retail interest to hold up the price]... and the trade war BS took 20% off the Cu price.

On FA the stock is trading @ a 50% discount to intrinsic value... but the SP won't reflect that until the company comes out with some exciting things to say. The FA for the producing asset is steadily improving and eventually the SP will improve. If that was the only factor then the stock could remain under-priced for a very long time. The wild card is the Torrens prospect which should generate more speculative interest...

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This is is great. Thanks mate will do some more research. Cheers

AIS Price at posting: 6.3¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 18.0¢		Change -0.010(5.26%)		Mkt cap ! $174.1M

Open	High	Low	Value	Volume
18.5¢	19.0¢	18.0¢	$165.6K	908.5K

Buyers (Bids)

No.	Vol.	Price($)
17	324332	18.0¢

Sellers (Offers)

Price($)	Vol.	No.
18.5¢	28240	1

View Market Depth

No.	Vol.	Price($)
17	324332	0.180
21	1039840	0.175
9	444405	0.170
3	456318	0.165
9	321858	0.160

Price($)	Vol.	No.
0.185	28240	1
0.190	207375	5
0.195	154454	2
0.200	185000	4
0.205	140000	1

Last trade - 16.10pm 30/07/2024 (20 minute delay)

AIS (ASX) Chart

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