It also comes down to what the directors will accept. If they think they/we are getting offered not enough for amx then they will not accept. For this reason I cannot see them accepting any offer soon, unless it is well north of the current sp because the sp is so depressed right now along with most of the gold sector.
I hope the directors do not take any low ball offers because I think sunny days will be ahead further down the track once this multi-month correction is over. This could take some time yet and of course some further time for the sp to head north before they start looking at offers I hope.
AMX Price at posting:
93.0¢ Sentiment: LT Buy Disclosure: Held
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