What's to ramp ? I'll giv you a ramp. I bought some yesterday at 27c with some silver I sold. Yummy yummy. Went to buy some more this morning but sold an 'accepted share'' on commsec to do so and that put me heavily into margin call given it was my 5th 'accepted share'. My mistake whoops. Fortunately commsec were good to me and let me buy that same parcel straight back. Didn't get more Amx but may sniff around for some more soon ?? We'll see.
I don't think there'll be a cap raising soon because Amx has got time up there sleeve before they need to raise. I see it going up from here. I have a 51c average now. Well down but I'm holding long term and am comfortable with my holing long term.
Let's say life of mine they produce 2million oz at 500 all up margin (conservative) that's 1 billion $ minus cap ex expenses. They will need another cap raising before the big raising for mine development but I'm confident they won't be raising capital at these levels.
AMX Price at posting:
31.5¢ Sentiment: LT Buy Disclosure: Held
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