This one could take 12-18 months to turn around. Expecting guidance of 100k ounces at $1,200 AISC for 2019-20, which isn't bad but not going to drive them any higher when they have relatively short mine lives. Exploration success that leads into higher reserves / longer life could help as well. Potential to start dividends could also move them a little higher.
I think the best chance of a significant recovery will come when they reach Kairos, small ore body but high grades should yield 1-2 stellar quarters. Like Chronos it won't last, but people will pile in on 1-2 amazing quarterly results and drive it up.
On the downside, another low margin quarter will hit them for six, as the change to contract mining excuse for Peak can't be dusted off again.
Realistic Outlook for AMI, page-50
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Last
18.0¢ |
Change
0.005(2.86%) |
Mkt cap ! $304.4M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.0¢ | 17.5¢ | $275.0K | 1.530M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 656462 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 134486 | 4 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| AMI (ASX) Chart |