AMX is most definitely under valued (My opinion of course).
However, shareholders must deal in facts and then (if they so choose) present opinions regarding such interpretation of those facts and figures.
AMX once hit over $3.40 (30/12/2010), which placed it in a position at the time at a price above that of Perseus Mining. How did Ampella reach such high levels? ------ It was "ramped" by analysts who kept writing magnificent articles about it. Ampella didnt have the Gold in ground that PRU had. It didnt have a feasibility study prepared (still doesnt).
Yes!...it was over valued at that time and many investors saw this as a SELL, much to the delight of the buyers of the time.
What is the true value for AMX?
That, my fellow chatters is for each of you to decide. It is how you decide such value that should be considered seriously, given that your (and mine) investment funds depend on such valuation.
btw... close enough to 250 million shares X $3 = $750 Million Market Cap. but then again, I am not a person who takes much notice of Market Cap, given that it is simply Shares issued X SP at any given time.
All the best with your decisions, Holders and prospective holders, alike.
:) Fish
AMX Price at posting:
45.0¢ Sentiment: LT Buy Disclosure: Held
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