MM8 entire register underwater and another 5 weeks to go to get through tax loss season. 20% discounts for CR seems to be the norm so have to price that in. Might tick up into PFS but will be set up as a sell the news event as market knows CR around the corner if they havent already raised prior to. Exploration team been laid off so any drilling might be a while away.
Only reason I bought AME is that it comes with the real possibility of a bid (thinking WGX given they're yet to make an M&A move and major SH) prior to any CR. Bit of a carbon copy of the CHZ set up prior to their bid and just happens to share the same chairman. If not i'll take the L to offset my PAYG installment this Q .
If comparing charts; MM8 falling knife whereas AME @ multi year horizontal support level.
MM8 Price at posting:
9.8¢ Sentiment: None Disclosure: Not Held
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