strong downward move was expected as the timeframe of 2 to 3 months coming closer...I would not get surprised by seeing excellent offer... I simply think company will not get sold off cheaper because they have no reason to sell it cheaper...no issues and have enough cash flows to carry on explorations...They already indicated they wont sell company cheaper so i discard that sentiments...gold sector is in downward trend and may be palyed out by bidder imo...however there are many major players are becoming major share holders so something happening for sure....by looking at current discovery and market I highly doubt company will even accept offer anywhere close to $2...compoany simply knows its valuations and everone is very very bullish on gold for long term anyway...apart from that major gold players usually looking to buy to increase their reserves and funding wont be an issue for them...I am in very close to current share price and I think this is the time to convert gry into amx rather than someone suggested a while ago in gry thread....its very very attractive at current market cap...
AMX Price at posting:
65.0¢ Sentiment: Buy Disclosure: Held
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