Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi James and Team ACI Mines was mentioned in your Webinar on 15th June. What is your current view on A1M for copper exposure. Has reached 40c in June and has recently dropped as low as 30.5c. At what price is the risk reward an opportunity? regards
Hi,
For those that missed our Resources into FY24 Webinar it can be seen here. As you say AIC Mines (A1M) has corrected ~25% from recent highs posting fresh 2 year lows this week following a poorly received FY23 result- revenue came in down 21% from FY22 which was a relatively small miss to analyst expectations.
As we know from the webinar a number of well-respected investors like A1M but we would rather pay higher prices after we see a meaningful operational turnaround i.e. we are neutral.
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