Ann: March 19 Qtly Report, page-17

I participated in this morning's conference call and from what the CEO Jim Simpson said, the Peak mine operations are undergoing a refurbishment. This may probably be well timed in the climate of the gold price in AUD being quite strong and they have substantial cash reserves to cushion this development. While I am disappointed about the production level dropping significantly and the gold grades are down, I think that it is justifiable. Sometimes a company has to take two steps back and then three or four steps forward. AMI has a track record of doing this, so I am not too fussed about the 30% price reduction since it peaked in February.

On a separate note, I have published a research report on identifying factors that drive market capitalisation and subsequent price performance of ASX-listed gold mining companies. AMI is part of this study. Check it out and let me know your thoughts! I think given the current trough in gold mining company prices, the report findings may allow you to line up behind the winners for the big takings ahead!

https://hotcopper.com.au/threads/research-analysis-of-factors-that-drive-valuation-and-stock-price-performance-of-asx-listed-gold-miners.4728004/