As a former holder, that bought at 26c, after attending a RRS luncheon or similar and listened to the story of AMI and the potential, all I can say is that trust has been lost with many.
At the time the problems with the plant were known about by management, yet they were prepared to stand up in front of a crowd and sell the story of what a great investment the company made. No mention of any problems at all. The plant at the time was at full production with all initial problems being 'ironed out' and expected cashflow was as per the prior releases.
Yet out of the blue came the announcement of the problems with the plant, after the Glencore director had resigned. I dumped at 8.5-7c and all I could think of was how a person could sell a company knowing something was wrong, but nary a mention of any problems that we learned later had been known about for months.
If I were to purchase AMI shares again it would be purely a short term TA trade.
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18.5¢ |
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Mkt cap ! $312.9M |
Open | High | Low | Value | Volume |
18.0¢ | 18.8¢ | 17.5¢ | $735.3K | 4.053M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 61150 | 18.0¢ |
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Price($) | Vol. | No. |
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18.5¢ | 96883 | 2 |
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No. | Vol. | Price($) |
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11 | 671971 | 0.175 |
10 | 764745 | 0.170 |
9 | 532831 | 0.165 |
12 | 674331 | 0.160 |
7 | 567288 | 0.155 |
Price($) | Vol. | No. |
---|---|---|
0.185 | 96635 | 1 |
0.190 | 555022 | 9 |
0.195 | 324457 | 11 |
0.200 | 312923 | 9 |
0.205 | 72000 | 2 |
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