You need AUD to be weak for AAM to make more profit. Not other way around.
I am sure AAM will do some sort of finance activity to increase their cash position. There is no way out of this. Probably the reason why they fell to year low.
I got a feeling that the SP will go higher upon capital raising instead of going down. The value is still there even with 30% more shares on issue. Gold producer at 20mil MC is unbelievable!
AAM will be solvent, 20mil MC company don't just belly up if managers have any brains.
Thinking out loud whether to wait for clearance of finance or get in now.
AAM Price at posting:
11.5¢ Sentiment: LT Sell Disclosure: Not Held
