It's worth thinking about this imo.
Compared to the gold price of US$1601 at time of posting, gold indices are around GFC financial panic crash lows, with most juniors that are not mining getting absolutely trashed irrespective of how much gold in ground and cash they have.
Nothing AMX has released to the ASX has justified the incessant massacre of the share price. Sure, I can let my imagination wander and invent any number of other reasons for the decline in the AMX share price.
But I'm not going to start jumping at shadows.
In my opinion AMX is now so massively undervalued, it's worse than irrational.
I have bought a few more today.
cash of $40m, 3.1m ounces valued at $90m, page-3
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Last
34.0¢ |
Change
0.013(3.82%) |
Mkt cap ! $32.29M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.0¢ | 33.0¢ | $8.962K | 26.38K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3225 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 12599 | 1 |
View Market Depth
| Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
| AMX (ASX) Chart |