A lot of current AMX holders would now be wishing that they could also have a "cancellation" of their previous buys at higher "bargain" prices.
But they may be consoled by the thought that they can keep buying more AMX shares at ever cheaper prices to average down.
The more I think about AMX, the more I feel there is something going on behind the scenes that says this company has been vastly over-valued, but the reasons for this are not yet apparent to me.
Luckily they have a heap of cash on hand to keep them going for an extended period before they will need to fill up again.
This is beginning to look a lot like AZM. There are people still claiming all is well there when clearly it is not. Actually I prefer the grade of AZM to AMX, but do not like its CEO and that it needs to find another million ounces before it does a DFS.
The fact that GRY and PIR are doing much better than AMX is also illuminating. PVM is a different kettle of fish to these companies as it is much closer to a DFS and progressing towards mine development.
It looks like people have been selling out of AMX and putting their funds in GRY, which I also like a lot more.
loki
AMX Price at posting:
51.5¢ Sentiment: None Disclosure: Not Held
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