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Aurelia Metals Ord Shs V.AMI


Primary Symbol: AUMTF

Metals & Mining Industrial Metals & Minerals
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

Aurelia Metals Ord Shs
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Post by wrkmqon Mar 16, 2018 11:31am
169 Views
Post# 27727617

running out of money

running out of money
Hi, everybody,
I'm having this one for a long time on my watchlist. I'm having some questions and hopefully You may help me.

1. When will the annual financial be relesead?
2. How will they get rid of the loss (financial from 09.2017):
Total assets: 21mil
Current liabilities: 4.5mil
and a Mkt cap: 4.5mil (from today). Sounds good and there is also a small income from operations (1 mill). But the total income is still a loss (-400K). And this has not changed.

So this company is simply running out of money. There is cash left until mid of 2018 (JIMHO) and I have found nothing that can  be sold (properties). Everybody is talking about the lawsuit but, sorry, lawsuit doesn't matter.  Perhaps they will get rid of the lawsuit but the existing business is still not profitable. But perhaps You are having an idea how it will become profitable?!

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