contrarian?, page-17

Hi fredo, good to hear from you.

I posted this on the gold thread a few minutes ago.

"AAM, a classic case of early production jitters. Mining and ore treatment have had teething problems but the dentistry is just about over. I spent an hour on the phone with MD John Williams this afternoon and it was a very productive conversation. The company is getting the mining contractor to mine for grade rather than volume and published grades are showing good improvement. AAM is currently trading at around half the price of a few months ago and a SPP is underway right now at 18c. I have rerated this one and I now see value. Under 18c it is a bargain and for the next few weeks it will be possible to accumulate large positions at prices over 18c."

Now I've had a conversation with JW I have upgraded my sentiment. I will post a summary as I get time over the weekend.