It won't be long imo before AMX makes serious inroads in its crash from over $3.00 to the mid 30s.
Gold looks set to break out, "risk" looks set to be back on, AMX's recent ASX announcements/presentations have been well received, AMX is cashed up, already has millions of ounces of gold resources, a huge exploration programme in place and plenty of good news drilling results look set to be announced imo.
I have not forgotten how West African goldie PRU got smashed from $1.50 to the low 20s in 2008 - a similar percentage decline to that suffered by AMX - and was in a much, much more precarious financial situation than AMX which currently has over $40 million in cash.
Following QE, PRU recovered, hit over $4.00 and easily obtained all the funds it needed with minimal shareholder dilution to move into gold production in 2011.
AMX Price at posting:
53.5¢ Sentiment: Hold Disclosure: Held
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