AAM aumega metals ltd

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AAM/MMZ - Why bother?, page-69

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Diddler

208 Posts.

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18/10/24

09:19

Post #: 76180404
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Originally posted by Diddler: ↑

I agree.

Looking at drivers of our share price over the last 3 years, we are best correlated with the price of gold and not company announcements.

If you review the prior 2 recent capital raises, we track the price of gold, go through the CR and then the share price stagnates and gold takes off.
Nothing wrong with that math, it's just basic dilution.

Late FY22 CR:

Late FY23 CR:

We have $6m in the bank apparently so I would expect us to get to at least end of Mar 25 on that, and then maybe do a CR going into fresh FY25 drilling of Hermitage, Malachite, etc.
Right now we've diverged from the price of gold in the exact same way as the above two credits show, however we do not need a CR.

Is there a big holder exiting?
Is there an issue with the stock that someone knows about and which management should be making the market aware of?
Is a CR being worked out right now in the background and this is pressure put on the stock by an institution so they get a better deal?
Are assay results known already by someone in the background?
Is the market pricing in excessive capital raisings required to fund our newly acquired copper project?

All speculation with no substantiation from my end.
But according to the last chart I threw up, we should be ~8.5c right now.

Best of luck punters.

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Also, I guess we now know why the stock wasn't tracking the spot gold price since Aug 24.
Sitting here today, I think the whispers of a CR were being circulated with smart money for a while now.

AAM Price at posting: 6.0¢ Sentiment: None Disclosure: Held
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