enough assets - aam (don't panic), page-2

the residual problem that the board now face is the loss of market confidence in AAM as a credible investment alternative.

so much damage has been created.

i think the evidence in what I say is in the numbers you speak maddy. whilst I cannot verify these numbers (although they sound about right to me) it is clear that the market does not believe the valuation you infer.

and so the SHs now enjoy the prospect of a gold price explosion and 'perhaps' the promise of SP recuperation (not explosion).

the directors are said to be working hard. I have that understanding. My hope is that this work will restore confidence in AAM and do so in an efficiently timely manner. Us longer term holders have suffered tremendously from poor performance. this should never have happened.

It would warm my heart of see some director buying at the moment - big buying - to show confidence in the brand.

GC