The five-point strategic rationale for this pretty unconvincing in my opinion.
Points 1 - 4 are really just about changing AMI's positioning in the market. Investors could get a similar result by adjusting their own portfolio's if they wanted it. Plainly with all this talk of 're-rating' and 'mid-tier' they are hoping larger portfolio managers will be interested. I doubt it. I feel it increases risk to the share price. If it does not go well in the next year, management could be seen as d***-swinging, overly acquisitive, capital destroyers. Also, the contractual relationship with PYBAR looks pretty complicated - not a good sign.
Point 5 is the only one that makes sense, but it's the last point! We won't know until revised guidance in Q3 FY2021 and exploration results whether that is working out.
So I reckon if the price is stable or higher, it's an immediate sell. Can come back in six months if things pan out.
If it tanks hard it might be a buy.
If it's in between, it's disappointing. Why they couldn't just focus on what was their plate and enjoy unhedged production, a rising gold price and Federation in the works... I have no idea.
- Forums
- ASX - By Stock
- AMI
- Aurelia Metals strikes gold with $200m M&A deal, raising
Aurelia Metals strikes gold with $200m M&A deal, raising, page-73
-
-
- There are more pages in this discussion • 64 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AMI (ASX) to my watchlist
|
|||||
Last
21.5¢ |
Change
-0.005(2.27%) |
Mkt cap ! $367.9M |
Open | High | Low | Value | Volume |
22.0¢ | 22.5¢ | 21.0¢ | $1.687M | 7.694M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 548714 | 21.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.0¢ | 653897 | 17 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 548721 | 0.215 |
19 | 463862 | 0.210 |
11 | 331808 | 0.205 |
22 | 519887 | 0.200 |
11 | 321608 | 0.195 |
Price($) | Vol. | No. |
---|---|---|
0.220 | 653897 | 17 |
0.225 | 697818 | 17 |
0.230 | 1352908 | 18 |
0.235 | 623866 | 12 |
0.240 | 1553337 | 15 |
Last trade - 14.11pm 12/07/2024 (20 minute delay) ? |
Featured News
AMI (ASX) Chart |