Red River rsources is a good example of how quickly things can change in this game they went from producing a resonable quarterly to administration within a few months. There was a problem at their Thalanga mine but the main problem was lack of capital. Most shareholders were against raising capital also management didnt think they needed to even though they had to restart their Hillgrove mine, capital needs to be raised when things are humming along and the SP hasnt collapsed the problem with AMI the old CEO blew most of our money on Dargues and lost the confidence of shareholders. Throw in some bad quarterly reports that is why we are close to 10c. All good not to raise capital but you dont want to go down the same path as RVR .
AMI Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)