Things that will help the rerating of AMI over the next few...

Things that will help the rerating of AMI over the next few months:

Tax losses carried forward at 30th June 2017 were $102m. There will therefore be no tax paid on my model's estimated earnings for the 17/18 FY of $99m or 11.6c per share ( these numbers are a little rubbery at this stage as do not know the Dep/Amor charge relating to the Peak for the 3 months of ownership.

Forward gold sales of 76,000 oz at A$1727/oz. Gold sales per ounce will therefore be in the high $16 hundreds assuming current gold price and US$/A$ exchange rate.

Hartley's is the only broker covering the stock at present. This will change shortly as the market cap is now substantial and the company has a good story to tell. The analyst's assistants at the major brokers are probably preparing their models at present but will wait till the 17/18 earnings are released so the can get a read on the updated Balance Sheet. I would be very surprised if there were not several of the major brokers covering this stock in a few months time which will increase awareness. The CFO is a former analyst at Goldman/J B Were so knows how the game is played and is no doubt getting the word around the traps at present.

As the market cap increases the stock will be put in the ASX 200 which will create further buying by index funds.