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Aurelia Metals Ord Shs V.AMI


Primary Symbol: AUMTF

Aurelia Metals Limited is an Australia-based gold and base metals mining and exploration company. The Company owns and operates two underground mines and processing facilities in New South Wales: The Peak Mine is in the Cobar Basin in western New South Wales, and the Dargues Mine is in south-eastern New South Wales. The Peak Mine is located in the northern Cobar Basin, south of Cobar in central-west New South Wales (NSW). The Dargues Mine is a gold mining and milling operation located in the Southern Tablelands region of NSW, approximately 60 km south-east of Canberra. Its preeminent near-term development projects include Federation and Great Cobar. The Federation deposit hosts high-grade zinc, lead, and gold mineralization and is located approximately 10 km south of Hera Mine. The Great Cobar Project involves the development of a satellite base metals and gold deposit, north of the New Cobar mining complex at Peak Mine.


OTCPK:AUMTF - Post by User

Post by bigopson Sep 01, 2022 12:20pm
520 Views
Post# 34935694

Q2 Call & Rockchain contract..good stuff

Q2 Call & Rockchain contract..good stuffAmazing news on the new Rockchain contract today!

I would encourage all my fellow shareholders to listen to the Q2 call from the other day:

https://athabascaminerals.com/investor-relations/investor-information/

It is clear to me - after reading through the financials and listening to the call - that the previous CEO and CFO were absolute disasters for this company....

It is also clear to me that Dana  and David have the mandate and the focus and -- the actual skill sets (unlike the previous tweedle dee and tweedle dumb) needed to run a successful and profitable business.

Q2 2022 financials demonstrate the discipline and clear thinking of a team focused on doing profitable business. The write downs were prudent and honest -- and have set us up for future success.

I am encouraged by the focus on sand and aggregates and on the profitable exploitation of our resources. Sounds from the call that Mgmt is confident in hitting their 2022 revenue goals and may be able to expand on those goals with more throughput at the Hixton mine. More importantly - sounds like we would have been profitable without all the write downs...so i for one would expect profitable quarters from here on out.

Also -- the focus on the expense side by way of reducing head count where it was burning cash -- very very needed. These are the hard decisions that we need our CEO and CFO to make -- good on them for doing so.

For all of you who follow the sand market -- we seem to be setting up for stronger sand pricing than we have seen...and hopefully better volumes....all this is setting us up well for larger revenue and profits. Good days ahead for all of us it seems. 

GLTA
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