Yes I think once the path to Federation is outlined we'll already be well on our way to 20c+. But if it does involve a cap raise (even a small one) you will have that opportunity to jump in at these levels. Sensible to wait if you're risk averse.
But I do think it's a low risk play right now in that even a doomsday hypothetical would still be profitable: ie AMI shutdown all operations and do a capital raise sub 10c just to commence Federation quickly.
We'd probably drop to maybe 8-10cents. That would value the company at sub $100M with $50M in the bank... So hard to see us not trending back up regardless albeit with a much lower ceiling if share dilution is involved.
AMI Price at posting:
13.0¢ Sentiment: Hold Disclosure: Held
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