Agree.
AMI still operates at a profit.
The urgency for growth has resulted in Dargues. Hindsight is 20-20. They've made a howler. Covid is a kick to the teeth and amplified that poor investment decision. Now we need to push on.
In general the plan forward looks sound. ie Extend Hera to 2024. That extension will lead into Federation coming online and then taking over the supply by end 23/early 24.
Similar play with Peak/Great Cobar.
Federation really is short to medium term future for the company. 8 year mine life. $400M NPV.
Current market cap ~ $140M and barely what the current operating asset list is valued at. Almost no value prescribed to Federation being on our books.
We're at rock bottom. Onwards and upwards from here.
cast my vote and im out, page-10
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Last
18.0¢ |
Change
-0.005(2.70%) |
Mkt cap ! $304.4M | |||
| Open | High | Low | Value | Volume |
| 18.8¢ | 18.8¢ | 17.5¢ | $703.7K | 3.893M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 259741 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 382439 | 2 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| AMI (ASX) Chart |