AAM/MMZ - Why bother?

  1. 208 Posts.
    lightbulb Created with Sketch. 25
    Hi folks,

    As a shareholder since 2021 I really do feel sick in my stomach about the performance of MZZ/AAM.

    I am attracted to MZZ/AAM for several reasons:
    - Newfoundland is a spectacular jurisdiction
    - The quantity and size of our land package as it offers us almost endless exploration potential
    - A starting resource of ~600k oz to back our valuation
    - A positive view on the gold price

    I believe we significantly out match most other exploration companies out there with the above points, however, our performance is on par with some of the complete dogs of the ASX spec gold market.

    Going forward I'll be expressing some of my thoughts in this forum about the performance of AuMega Metals.
    There's not enough constructive criticism on HC or towards management about the performance of this stock.
    People seem to be perma-pleased and that's reflected by the chatter in HC (particularly by two posters who are here almost daily) and the reluctance to vote AGAINST some of these AGM resolutions.

    Nothing I write is investment advice, nor am I a specialist in any field.
    Please do your own research.


    As a first, I want to point out that prior to our 2022 change in leadership and strategy, this stock held a solid average of ~25c per share.
    Over the last year we've been averaging ~5c per share.

    https://hotcopper.com.au/data/attachments/6485/6485339-0fbb160240dcebf5dca205ef49a12b93.jpg

    Now take a look at this:
    https://hotcopper.com.au/data/attachments/6485/6485361-eb0fc6a88ad6f6eae145d9c05461119e.jpg

    Best of luck punters!
 
Add to My Watchlist
What is My Watchlist?
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)
Last
3.2¢
Change
-0.002(5.88%)
Mkt cap ! $19.33M
Open High Low Value Volume
3.3¢ 3.3¢ 3.1¢ $28.63K 899.7K

Buyers (Bids)

No. Vol. Price($)
2 57001 3.1¢
 

Sellers (Offers)

Price($) Vol. No.
3.3¢ 133701 3
View Market Depth
Last trade - 15.58pm 13/06/2025 (20 minute delay) ?
AAM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.