Some of you were not very polite in your comments to suggest I invested in AMI without knowing anything about it. Just to let you know -I have read and followed the AMI shares for sometime and I have also previously bought the shares and sold them.
What I was hoping for was some confirmation about the locations of the mines, but from the pictures in the report, it appears the mines are all in New South Wales. Also AMI keep talking about their cash reserves and the fact they have No debt, hence my question about their dividend policy.
As metioned,AMI was previously brought to my attention by Livehire. By the way, Livehire is not an anoymous website. It has a lot of top fund managers appearing in the interviews, including the CEO's of the top fund management companies. They have tipped APT and recently SPT which are dynamite shares. In fact, SPT is a 8 bagger rise in less than 2 months and guess what - it was alerted to most investors via Livewire. They usually provide good reports with supporting evidence unlike say Motley Fool. So I have great confidence in their judgements and recommendations - But that is not to say they get it right all the time - for instance they tipped MYX and the share is not going anywhere.
One of the good reasons for my comment was hopefully to get others to share the discussion on why AMI is undervalued and why we should support the share and maybe consider alerting others to invest in it.
Cheerio, Isdhope
AMI Price at posting:
87.0¢ Sentiment: Buy Disclosure: Held
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