Considering the SP is only an eighth of what it was about 20 months ago there has to be plenty of scope to rebound at least 100% from here. The key is to get those assay results flowing again. Once they start there should be a continual flow for several weeks, leading up to the new drilling season. Barring a general market collapse I'd expect that six months from here these lowly SP levels will be nothing but a painful memory, with the SP safely back above $1. $3? Now I frankly don't ever expect to see that level again. AMX was way overpriced in that territory. In fact, one wonders how on Earth it managed to climb that high. It just goes to show the power of positive market sentiment; just as we're currently witnessing the reverse. Here's hoping for a week where the SP at least manages to hold the mid 40s.
AMX Price at posting:
45.0¢ 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)