AIS 7.41% 29.0¢ aeris resources limited

Ann: Trading Halt, page-21

  1. 2,454 Posts.
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    I agree. As below, Its Debt financing. How much do we need to stay afloat. Hopefully not much
    as we still have 14 Million and no Debt. At this stage, If they mothballed Jaguar, The 3 mines
    left have a bigger chance of making money than losing money this quarter. Jaguar has cost
    AIS a big amount of Money this Jun Quarter. Mothballing it derisk the Company a lot. Hope we
    get a good deal from a Creditor.

     The trading halt is requested pending an announcement by the Company regarding a
    proposed debt financing and an operational update (Announcement)


 
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