Another good news document I have found suggests that Ampella may be looking to diversify to reduce risk. This could give AMX share price another reason to rise in the future apart from pending drilling results.
"In the current price environment, small Australian, Asian and African miners of copper and gold may consolidate to alleviate the risk of depending on a single mine, analysts say.
Philippines-focused, gold-copper player Medusa Mining and West Africa-focused zinc and gold miner Ampella, may be among those looking to partner with peers, some analysts have said ."
http://www.forexyard.com/en/reuters_inner.tpl?action=2009-10-09T130316Z_01_HKG279775_RTRIDST_0_LMEWEEK-SMALLMINERS-ANALYSIS
potential m&a on the way
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Last
45.5¢ |
Change
0.005(1.11%) |
Mkt cap ! $43.22M | |||
| Open | High | Low | Value | Volume |
| 45.0¢ | 49.5¢ | 45.0¢ | $20.40K | 44.45K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3417 | 45.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.5¢ | 1250 | 1 |
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| AMX (ASX) Chart |