AIS - Aeris Resources

[Dona Ferentes]

April update for this CY25 selection. Price slowly rising with the rally in copper.

Next news Monday 28th April. Will report back after that.

Taking a while ... TH and now suspended
" pending the release of an announcement regarding the debt refinancing and capital raising."

$0.019

 

[divs4ever]

Aeris Resources Limited (ASX:AIS) (Company) - Request for Voluntary Suspension
The Company refers to its request for an immediate trading halt in respect of its ordinary shares from the commencement of trading on Thursday, 1 May 2025, which was subsequently granted.
Pursuant to ASX Listing Rule 17.2, the Company requests an immediate voluntary suspension of the Company’s ordinary shares quoted on the Australian Securities Exchange (ASX) from the commencement of trading today, 5 May 2025, pending an announcement regarding the undertaking of a debt refinancing and capital raising as referred to in the Company’s letter dated 1 May 2025 (Stated Purpose).In accordance with Listing Rule 17.2, the Company provides the following information in relation to the request:
 The voluntary suspension is necessary to assist the Company in managing its continuous disclosure obligations as the Company is not yet in a position to make an announcement to the market in relation to the Stated Purpose.
 The Company requests that the voluntary suspension remain in place until the earlier of:\
(1) an announcement being made by the Company about the Stated Purpose; or
(2) commencement of normal trading on Thursday, 8 May 2025.
 The Company is not aware of any reason why this voluntary suspension request should not be granted or any other information necessary to inform the market about the voluntary suspension.

i hold AIS

 

[divs4ever]

AERIS SECURES REFINANCING OF FACILITIES

i hold SOL and AIS

i half-expected SOL to inject SOME cash ( if there was a cap. raise )

looks like my desire to add more AIS ( very cheap ) has been delayed again

( sigh )

 

[peter2]

AIS has refinanced without raising any capital through SOL. With my financial illiteracy it seems to be shuffling money around with different names. Not sure the costs out weigh any benefits.

Meanwhile AIS continues to plan without making any progress. Price has fallen since the refinancing announcement, Seems the market agrees with me.

 

[divs4ever]

AIS has refinanced without raising any capital through SOL. With my financial illiteracy it seems to be shuffling money around with different names. Not sure the costs out weigh any benefits.

Meanwhile AIS continues to plan without making any progress. Price has fallen since the refinancing announcement, Seems the market agrees with me.

View attachment 199947

i am guessing they are planning to move some staff from Tritton to Jaguar , surely they don't plan to bolt-on extra resources quickly via M&A

so for a mature mine the two easy ways to improve margins are a reduction of head-count ( because it is hard to retain staff by cutting salaries ) and to reduce hedging ( if any ) , better machinery costs in the short-term , higher throughput wears machinery , it is not easy to improve margins on a copper mine

 

[redsmartie]

i am guessing they are planning to move some staff from Tritton to Jaguar , surely they don't plan to bolt-on extra resources quickly via M&A

so for a mature mine the two easy ways to improve margins are a reduction of head-count ( because it is hard to retain staff by cutting salaries ) and to reduce hedging ( if any ) , better machinery costs in the short-term , higher throughput wears machinery , it is not easy to improve margins on a copper mine

Did SOL have a funding agreement?

Mine manager now AIS, nice purchase agreement if you can make it work AIS.

Copper speculators are sending spot pricr up and the local is biting. Will it be the big climb for copper stocks?

Happy fishing

I hold AIS

 

[divs4ever]

Did SOL have a funding agreement?

yes SOL lent them money in a formal loan

Washington H. Soul Pattinson and Company Limited

303,815,280

31.40%

Mr Robert Dobson Millner

Non-Executive Director

03/07/2022

BKI BKI Investment Company Limited

BKW Brickworks Limited

NHC New Hope Corporation Limited

SOL Washington H. Soul Pattinson and Co. Limited

TPG TPG Telecom Limited

now there are worse folks to borrow from than SOL , but they do play for a long term profit ( they ain't a charity )

 

[peter2]

So they've got access to more money, how about producing more copper? I'm assuming the low (price) is in now and it's onwards and upwards for the rest of the year.

 

[divs4ever]

So they've got access to more money, how about producing more copper? I'm assuming the low (price) is in now and it's onwards and upwards for the rest of the year.

SOL ( i hold SOL AIS and several other companies SOL invested in ) has a strategy of slow grinding progress ( if successful )

may not as so and long-winded as BHP but not very often do they buy 'rocket-ships '

more copper ( and gold ) ?? well most of that is coming out of Queensland and weather can be a real money-wrench there

i will be watching the projects in the Southern States to aid extra diversity of revenue ( when they start becoming profitable )

from memory the QLD mines are mature and unless i missed extra Capex promises on exploration i see a probable return to normal ( weather permitting ) and those mines are NOT jaw-droppers ( in relation to output ) otherwise the major that previously off-loaded the gold mine wouldn't have sold

 

[peter2]

Monthly update: FY25 Prod report released.

Copper below guidance, gold mid guidance, silver below guidance.
Overall Cu equiv prod within guidance thanks to the increasing gold price.

Tritton: FY25 prod below guidance due to delays and lower grade ore. Production increased and stockpiled ore available to boost production next qtr.
Cracow: Gold prod mid guidance but increasing POG providing a boost in overall sales.
Nth Qld: On care&maintenance.

Further details in full qrtrly report soon.

 

[Dona Ferentes]

Q4 FY25 highlights
- Group copper equivalent production of 10.9kt for the quarter at improved AISC of A$4.50/lb Cu eq
- Cash and receivables at end of quarter increased to $49.5M
- Refinancing of corporate guarantee facilities successfully completed Higher Tritton production of 6.2kt Cu at lower AISC of A$4.22/lb
- Tritton processing plant operating above nameplate capacity with the availability of additional ore from the Murrawombie Pit
- Strong Cracow gold production of 11.0koz and AISC of A$3,075/oz
- Good cost control across operations for the year
- North Queensland assets on care and maintenance – pursuing options for divestment

.
investor presentation came out on Friday 25th.

 

[redsmartie]

- total debt of AU$42.3 million
- debt-to-equity ratio to *14%*
- debt-to-equity ratio reduced significantly from 94% to 14% over the past 5 years

- operating cash flow (285.5%)

- *FY25 Copper Production*: 24.9kt (below guidance)
- *FY26 Copper Production Forecast*: 24-29kt
- *FY26 Group Copper-Equivalent Production Forecast*: 40-49kt

Source from Meta AI ... verified by reading tea leaves

I hold AIS

 

[peter2]

Share price has perked up July - Aug gaining 50%. I want more, naturally.

Good improvement in financials. Positive outlook for 2026.