"I guess my take is that the market has lots of fish. If the place that I'm fishing is NBG move to find the fish... if the fish move back to the first place ....then go join the other anglers again.
I've swapped to other gold stocks and Uranium stocks which looks better on the charts. Uranium like DYL, UNX, BLR, TOE, I think BLR is worth a punt. look at it's daily weekly and monthly charts.
regards to all"
Have a look AT THE CHARTS OF ALL OF THE ABOVE SINCE I blogged and compare to AAM. Better to buy a breakout BUT also beware of manipulation by the BIG players.
Maybe AAM will shine but if gold drops them where will AAM be? CRE has gone sideways at best. It's in a location near to AAM and CRE toll mills large amounts of ore to make money but their grade was 1.4g and I was told it more recently had 1.8g dirt. They also raised capital via an SPP so go figure.
From the figures and throughput AAM's grade doesn't seem to be better than 1.8g and it's processing smaller tonnes. AAM has I suspect has reduced it's overheads.
It needs to reduce the number of director!
Somehow I recall several wonderful reviews last year says hcmif smiling. Yes there are still fairies at the bottom of the garden.
AAM Price at posting:
11.0¢ Sentiment: None 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)