AMI 0.00% 19.0¢ aurelia metals limited

This is in no way comparable to KBL. KBL had multiple small...

  1. 381 Posts.
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    This is in no way comparable to KBL. KBL had multiple small resources cobbled tighter to give the impression of a long term resource. In most of KBL's presentations they failed to disclose the whopping debt levels much of which was short term and imposed massive restrictions on any upside I.e. The Quintana streaming obligations

    AMI has a 6-7 year mine life (from a single mine not multiple) which is very well defined and with very good exploration upside. Even if all debt were paid from cash and no further resources were found then you should have a surplus of $130m+

    Glencore debt is convertibile at AMI's discretion and ~25cps and AMI recently reduced mining costs by 20%. In my opinion this is a solid 300% gain over the next 18months with my only caveat being the metal prices. In any event if metal prices collapse no-one is safe
 
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Mkt cap ! $321.3M
Open High Low Value Volume
19.0¢ 19.5¢ 18.8¢ $461.7K 2.422M

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1 5536 19.0¢
 

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19.5¢ 639145 14
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Last trade - 16.10pm 24/06/2024 (20 minute delay) ?
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