It looks like this may tread water for a year, doing some exploration for more gold, producing less copper, but slightly more zinc and lead. There is a fair exploration budget set for next year. Hopefully they will find more gold, and the estimates for copper and zinc and lead may be on the conservative side. Either way, I think the next year will be one of limited stock price growth and more about consolidation, however the following year, FY23 should hopefully see a return to 50 cents, with any luck. It may be a long slow grind here, so don't expect miracle, except perhaps if some M&A activity takes place. They paid a lot for Dargues, now they need to recover, and that always takes time, together with exploration success.
Gw
AMI Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)