Still a fund (blackrock?) clearing out (because they are forced sellers) imo
Current price is not the markets valuation , merely a product of a fund trying to get out of an fairly illiquid stock and too quickly .
As the amount of thier shares held become smaller , I'm sure they would have little regard for the paper value of their remaining stock , or the share price and will sell whether there's enough buyers there to catch them or not .
This is the price action we've been seeing since $1.30 Imo and I doubt the seller could possibly have much stock left .
All the investors / brokers / analysts/ geos / mining execs etc , i talk to are saying the same thing - Amx is silly cheap at these levels and that there must be a fund that's decided to sell at any cost. We saw the exact same thing during the GFC .
When the seller is done , a more realistic valuation above $1 is the consensus from those I talk to . Likely much higher in due course
AMX Price at posting:
30.5¢ Sentiment: LT Buy Disclosure: Held
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