It said they are still looking around at M&A opp's, or keep an eye on companies, including AMX but that they reckon everything will get cheaper. SEMAFO itself lost half its market cap, and it is a giant:
AMX has a market cap now of $109.8m. Maybe a company is waiting until AMX gets to 100m and will then snaffle it? Or maybe at this level, it can't be snaffled, because most institutions/funds and management and retail holders would not get their money back.
AMX puzzles me: usually shares only get "punished" for a while and then bounce. There'd have to be a bounce sooner or later.
AMX Price at posting:
44.5¢ Sentiment: None Disclosure: Not Held
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