They acknowledge "It's been a tough quarter for the company"....of course
*they're setting up a 30,000oz p.a open pit and mining through the lower grades
*they've done the hard yards setting this operation up
*they don't have much cash in the bank
*they're due to hit the higher grades in November
So if you have a look through the report, it is easy to see that there is plenty of upside from here. A good time to get in at base levels. I'll be holding this one for >12months which will reduce my huge capital gains tax bill I'll be copping on this!!
AAM Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
