Announcment today of no acceptable bids.
I feel that the corporate interest test AMX has conducted was poorly timed = wrong time in the valuation cycle + wrong market conditions + POG still in a corrective state + no significant news flow during the period (other than wardaradoo hits) .....
I think that a bid will be far more likely once the PFS has been released and more gold added from new discoveries.
Here's what I see driving the stock higher from here :
1. POG to move back over 1700 and clearly back into uptrend
2. Good PFS numbers (this shouldn't be a problem )
3. New discoveries adding oxide style ounces to push sulphide ores back into the mining schedule + offer up plenty of higher grade blending material.
4. Upgrade in resource catergories , as well as overall ounces to 4mil/oz +
5. Improvement in capital markets- giving confidence in project funding down the track . (this shouldn't be a problem also)
Should see a good bounce soon , given that the major seller has been exhausted (from what i've heard)
- Forums
- ASX - By Stock
- AMX
- no sale ...for now
no sale ...for now
-
- There are more pages in this discussion • 76 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AMX (ASX) to my watchlist
(20min delay)
|
|||||
Last
34.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $32.29M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 79246 | 32.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
34.0¢ | 19600 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 79246 | 0.320 |
1 | 1500 | 0.310 |
1 | 5000 | 0.290 |
1 | 3508 | 0.285 |
1 | 3571 | 0.280 |
Price($) | Vol. | No. |
---|---|---|
0.340 | 19600 | 1 |
0.360 | 3283 | 1 |
0.375 | 26158 | 1 |
0.390 | 8094 | 2 |
0.400 | 2000 | 1 |
Last trade - 15.07pm 08/10/2024 (20 minute delay) ? |
Featured News
AMX (ASX) Chart |
Day chart unavailable