If this is a Disallowed then a peer with a comparable/arguably superior resource is a potential 50 bagger (based on current market caps) and is significantly further de-risked by having a full house of approvals in place.
In a research report on the peer company, the current AMN CEO, Mark Savich, said that red tape was the greatest risk to development. Presumably the same applies to his own company given it faces the exact same approval process and has attracted attention from similar conservationists.
For those that don't know, the peer company once held the AMN flagship resource.
As for the SP, I reckon they have made some progress on the financing/partner front and it has leaked.
Going up!, page-5
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Last
16.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $55.64M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 16.5¢ | 16.5¢ | $2.182K | 13.22K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15000 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 100000 | 1 |
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| Last trade - 15.29pm 08/10/2024 (20 minute delay) ? |
| AMN (ASX) Chart |