AIS aeris resources limited

The cut and paste below is from an article on the about to be...

  1. 14,935 Posts.
    lightbulb Created with Sketch. 1517
    The cut and paste below is from an article on the about to be re-opened Woodlawn copper and zinc mine headed up by legendary miner Bill Beamont of Northern Star fame. The paragraph relates to a Trifagura finance and off take agreement for copper and zinc. It has implications for AL's decision on re-opening the Jaguar Mine in W.A.

    Enjoy........(bolding is from me)
    ***************************************************************
    Debt deal as good as done
    Global commodities trader Trafigura has agreed to provide a A$100 million facility to help fund Woodlawn.
    “The ink is about to dry on this so we’re very, very close to actually signing final documents, and then we draw down on that A$100 million within five days,” Beament said.
    The Trafigura partnership also includes a five-year offtake agreement, which Beament said had “amazing terms”.
    “When you play in base metals, you want someone that takes your product in good and bad times. You don’t want the ship rocking up and not taking your product.”


    Beament said treatment and refining costs in copper were currently zero and zinc smelters were paying miners to take their concentrates, which was “unheard of”.

    “[Trafigura], the second biggest zinc trader in the world, just bought half the LME warehouse of zinc in one foul swoop and they’ve got more information than everyone in this room about what’s going to happen,” he said.
    “So they’re the warning signs I look at and go, holy shit, I need to be in zinc production very soon.”
 
Add to My Watchlist
What is My Watchlist?
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)
Last
20.5¢
Change
0.000(0.00%)
Mkt cap ! $198.5M
Open High Low Value Volume
20.0¢ 21.0¢ 19.8¢ $417.1K 2.046M

Buyers (Bids)

No. Vol. Price($)
8 156501 20.0¢
 

Sellers (Offers)

Price($) Vol. No.
21.0¢ 1062211 14
View Market Depth
Last trade - 16.10pm 30/07/2025 (20 minute delay) ?
AIS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.