Aurelia (AMI) New Non-Exec director

https://hotcopper.com.au/threads/ann-ami-director-appointment-p-harris.4581995/

Guess who is AMI’s new non-exec director as of last December? Certainly an interesting development - Paul has not previously taken any directorships with other companies so why AMI?

Now AMI are spitting out cash, roughly $25M/qtr and have $100M cash on hand however the current mine life for both their producing mines is roughly 4 years (which they are trying to explore and extend). Interestingly enough they are currently producing and selling copper, lead & zinc concentrates as well as gold - all products that AML will be looking to produce.

Their aim is to become the next mid tier gold and base metal producer. Now what company could they acquire/merge with that has a project that can propel them to mid tier base metal producer....

Sandfire’s initially unsuccessful attempt at MOD was around 70% premium and OZ’s takeover of Avanco was above 100% premium so any attempt at the company should have an even higher premium given that we have cobalt exposure.

Hopefully its a scrip based offer that allows participation in the upside.