Aurelia Metals Shareholders Waiting for Answers

John Robertson


Aurelia Metals has officially declared the start of production at its NSW gold and base metal prospects without creating any fresh investment interest. The appraised value of the Hera project exceeds the market value of the company but at least two additional pieces are probably needed to complete the jigsaw: firstly, proof from profit reports that financial outcomes are consistent with the pre-production feasibility studies and, secondly, a commitment by the company to the next stage of production to support future value uplift. The company has not provided any renewed profit guidance based on its recent operating experience. It has continued to refer to the feasibility study as the basis for financial expectations. That could be a sign directors are confident about meeting those expectations or simply trying to avoid a direct statement. The Nymagee project which was to be integrated with the Hera development seems to have fallen in priority and its status needs clarification for the value proposition - and earlier market excitement - to be restored.


John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...


No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.