I like that AMG appear determined to build the company from a limited capital base. So many companies seem to just prefer to tap shareholders to give themselves an easy run.
If they can get to their first gold pour and start generating a good margin I think it will signal a step change in the life of the company. This money can then be invested in further exploration, development and organic growth.
My main concern atm is that this is currently conditional on PNN coming good on the sale agreement. From my brief look at the company I'm not filled with confidence!
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Charles Armstrong, CEO & Managing Director
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