AML $1.00/share, page-58

Combination of factors - main reason is the lack of promotion and communication by management which is well covered. The other factors are the fact that the new drilling has not started probably delayed by the wet season and recent cyclones in far north west QLD. Hopefully news on that in the next few weeks
Slow on releasing full metallurgical info and resulting delays in the feasability studies.
Also most other companies that have cobalt exposure have been hit while AML was relatively well supported during 2H of last year, mainly by OCP buying.

It’s become more illiquid due to large volumes being in ‘sticky hands’ and anytime there is a pocket of liquidity on the buy side (usually thanks to OCP) its sold by retailers into taking the price that’s on the market.

Regarding the takeover possibility mentioned by Panda- OCP is very unlikely to be the party that takes over AML for a couple of reasons. 1) They don’t have expertise in developing the asset/mining 2) They are a related party and if they put forward a takeover bid they won’t be able to use their votes to vote in favor of the proposal. So other shareholders will likely reject if they do not provide a adiquite premium.