i don't have a lot in AMI , only recently bought but keep looking for reasons why I should increase my holding. None are obvious. Passing of the remuneration report was a little sad which certainly would have tuned the BOD's focus somewhat. But alas
A couple of hypothesis that prick my imagination:
1. What if they put Federation on hold for say 12 or 24 months. Would this change the dynamic? The resource would still be there and so maybe this would allow more internal funding; restoration of balance of operations which looks to be the theme of the acting CEO's presentation; settle a new CEO into the fold.
2. What if the market set upon those erstwhile characters who have short positions. There certainly are plenty (40m units last look) needed and the offer stack looks to be thinning. And seemingly a few majors have already left the register. Day traders (if ever they arrived) have likely left the building. And IMO there's certainly scope within the fair value of the existing assets and operations for a share appreciation. There is nothing more entertaining to watch than a shorter looking for longs in a skinny market. But who o who is it? They have remained steadfast ....
Just musings...
have a great day
AMI Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held
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