A producing company with gold and byproducts of ZN & PB lacks the excitement of Lithium,
Cobalt or rubies so it has to rely more on fundamentals than exuberant buyer sentiment for a share
price lift.
At present the company is doing OK, IMO, by:
-hedging gold price when possible
-reasonable quarterly margins
-gradual plant improvement
-good recent drill results
-paying down debt & retiring options
The negatives however are:
-company tardy in supplying market with reserves upgrade
-perceived short mine life
-just about enough forward profit to pay down debt with little left for the shareholder
-the spectre of a shareholder money pit to develop Nymagee copper once current mine expires.
So the ball is at management's foot to allay market fears that the current operations are only capable
of paying down debt but returning little or nothing to shareholders in the foreseeable future.
A producing company with gold and byproducts of ZN & PB lacks...
Add AMI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
17.5¢ |
Change
0.010(6.06%) |
Mkt cap ! $296.0M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 18.0¢ | 16.5¢ | $387.2K | 2.219M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 610175 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 59168 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| AMI (ASX) Chart |