AMX should be trading around 18 cents (at least), which is why there are multiple buyers of 1 million plus lots, sitting at 15 cents, just hoovering up anything at that price that people want to give them, and rest assured, there are plenty more off screen, because whenever the 15c shares are bought up then 2 or 3 or 4 million immediately pop up on the buy. Someone can't get enough at 15 cents, which should tell you something.
Like a lot of people, I would consider selling mine at 17c, probably would sell at 18c, otherwise I will go with Centamin for a punt, given their projected 400Koz production target,and desire to pay dividends, which will be paid in British Pounds, good when you consider the weakness of the Aussie dollar.
The only question over Centamin is the upcoming court case.
Gw
AMX Price at posting:
15.0¢ Sentiment: Hold Disclosure: Held
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