Taurus need another 3million or so shares to get to 20%.
There have been around 3.4million shares traded since their last ann, so they could easily get there. Plus as of the 8/5/13 there are 2.1million reported as short sold they can collect from (I assume its their shorts). Only a few months ago there was 5.2million short.
You would thinkg the macro setting for making any deals or moves just isn't right at present (as far as Taurus is concerned) . This is all about positioning for Taurus ?, ahead of something down the track ? Or are they playing someone elses hand ?
We need to ask ourselves two questions :
1. Whats the rush to get to 20% in this market ??? (when you know you'll be able to participate in cap-raises sometime in the future)
2. Why are all the shorts closing out AMX positions with the POG going down and other gold stocks on the slide still ? What do they know ? Clearly they were smarter than us on the way down ! so a good sign if their closing out positions.
Perhaps there is something afoot.
AMX Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
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