Ann: Trading Halt, page-35

I managed to get out of AIS just after the last dilutionary acquisition and raise at about 40c. Feels sorry for LT holders that have travelled down to 15c. This company is a disaster now...the biggest issue is that they will have no alternative to raise more cash later to fund the actual mine developments even if they get them to FID. Its either that or debt which they cant pay back. Revenue is forecast to decline through 2025 and they are already loss making in 2023. If the cap raise is for working capital they are not making enough money to pay the bills and grow. This is Altura mining all over again.. sitting on a great asset but cant actually get it to market. They may have great prospects and copper has a great future but commercially the only out on this is either more shareholder capital, acquisition and recapitalization by someone else, or a financier prepared to take the risk for massive upside at the detriment of retail shareholders. If Washington turn off the tap, AIS is toast.