Take a look at the macro environment guys before you put the CEO to the guillotine. Most Australian focused gold producers have done poorly in the past 6months and I'm not reading on HC that it's the CEO's fault. Have a look at the charts for NCM, SBR, SLR, WGX They are all very comparable to AMI. The truth is that times have been tough. People only learn from their mistakes and I'm sure that AMI have learnt some food lessons and are putting together a good plan moving forward. As I'm a new investor I'm biased to a recovery and no doubt most of you are sitting on some heavy losses but I don't think a new CEO is going to make a difference, it's all in the Macroeconomic environment. If gold can get going again and recover back to the $2000US /ounce we'll all look back on today as a missed opportunity to dollar cost average our position in AMI.
AMI Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)