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- 12 January 2008
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No stopping it now that the POC rallies higher. Break-out also on AIS.
trading halt is requested in connection with the launch of an institutional placement.A lot of interest of late - hitting 2 year highs, on volume.
Successful $57.2M Placement to Develop the Eloise to Jericho Link Drivetrading halt is requested in connection with the launch of an institutional placement.
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59c
Successful $57.2M Placement to Develop the Eloise to Jericho Link Drive
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Placement Details
110 million New Shares will be issued under the Placement, which represents 23.8% of AIC Mines’ existing issued capital.
The Placement price of $0.52 per New Share represents a:
• 11.9% discount to the last closing price of $0.59 prior to the Placement
• 9.3% discount to the 5-day VWAP prior to the Placement
• 3.9% discount to the 10-day VWAP prior to the Placement
As part of the Placement, and subject to shareholder approval, Directors of AIC Mines have applied for 1,592,308 shares under the Placement..
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and down to 52c
Hope to see some postings here from @greggles @peter2 @Dona Ferentes @Sean K , @DrBourse @tech/a and others for sure.
DNH but looking
There is a suspicion of increased production cost affecting gold and copper and A1M.
The CR was at $0.52 (poor investors then to be richer when ?)
https://www.spglobal.com/commodityi...pper-markets-fear-bump-up-in-production-costs
View attachment 183360View attachment 183359
View attachment 183361
Trading View chart
View attachment 183362
Hope to see some postings here from @greggles @peter2 @Dona Ferentes @Sean K , @DrBourse @tech/a and others for sure.
DNH but looking
There is a suspicion of increased production cost affecting gold and copper and A1M.
The CR was at $0.52 (poor investors then to be richer when ?)
https://www.spglobal.com/commodityi...pper-markets-fear-bump-up-in-production-costs
View attachment 183360View attachment 183359
View attachment 183361
Trading View chart
View attachment 183362
Too small for me and not sure about exploration prospectivity.
AISC $5.15lb? Yikes.
I'm surprised in doubled in the first half, must have been when copper went on a failed breakout.
A1M has tracked the cooper price for most of the year but has fallen away over the last couple of months.
As mentioned above, they are currently mining Eloise deeps, which as the name implies, is deep.
AISC of $5.22 and AIC of $5.50 reflect this.
They are developing the nearby Jericho deposit which should bring down unit costs.
Production is forecast to be lower this year before improving with Jericho coming on line.
Copper price currently about AUS$6.50 so they are leveraged to the copper price both up and down.
They have about $70m cash and an EV of about $125m
View attachment 185509
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