AIS 1.79% 27.5¢ aeris resources limited

I'm expecting that even that stockpile figure of 70kt at Sep...

  1. 10,374 Posts.
    lightbulb Created with Sketch. 2010
    I'm expecting that even that stockpile figure of 70kt at Sep will reduce by end of Dec. Just a guess. I know they used the Mt Colin stockpile as an excuse for the raising but they really needed the money to pay down 'payables' IMO especially at Jaguar.
    The first announcement in January will have ANZ(that currently has all the security) no longer financing the bonding requirements and WHSP becoming the secured lender and taking over the bonding but reducing the limit of the $50mil working capital facility by up to $20mil and reducing the interest rate due to acquiring the security.
    The Jameson Cell that NCZ installed at Century Zinc had very little effect if any on production there so let's hope it's more successful at Tritton.
    Last edited by miningnut: 08/12/23
 
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