re: Ann: AMX COMMENCES PRE-FEASIBILITY AT KON...
Loki - I wouldn't wait too long mate , you might not get much more of a chance at these prices. If it closes this week above 2.20 , its going higher .
West africa / BF situation is contributing ,definitely , but i think all in all , that has been well and truly factored in by now.
99.99% of the selling pressure can be attributable to the US insto's selling down aussie stocks for the USD exchange play. Gold stocks like amx and gry ,have been hit the hardest , because they have done so well over the last 12months.
I expect more aussie insto and UK investors to start picking up the slack from here.
When we do start to fly again , and we will , we will be in an even stronger position with a stronger share register.
Pre feasibility study not getting much attention either. That is big news for amx . Most gold co's on the asx will never pour an ounce of gold ever.
we are now a significant developer with exploration upside, not just a purely speculative exploration play like many AU gold stocks. That means alot more than amx are currently getting credit for.imo
Average daily volumes for amx are less than .1% of total share register. Weekly volumes barely manange 1% of total shares . No one of any significance has been selling. If you start to see weekly volumes of over 6million share , then get worried.
AMX Price at posting:
$2.05 Sentiment: None Disclosure: Held
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