I like to be the ignorant in here so the smart people who knows what is happening can share their inside information with us.
I really hope AMX find someone to finance their operations until production but as I mentioned before is a tough game out there. Just look at gry and many other and you will see what shareholders got lately.
Some banks would finance by Hedging gold or something similar. 150000 ouncesvwould pay for that right? Either way that will mean no profits for a while so sp won't go up much. Well actually it would because it would mean someone trust the project will be profitable and doable.
When realistically can they get the final results for the great go ahead? It is way overdue.
I haven't followed MYG for sometime but they also promised production in 2012 but so far I don't even know if they raised capital to build the plant.
Have MYG made the announcement on finance details? How was it?
Myg is in Australia so I would think risk,is lower and more companies would be willing to do that.
With the current share price 400 million new shares is a good estimate for amx.
The more I talk with friends the more they say to dump explorers. Odds area always against retail investors as the big institutions give the cards. But the speculation is always good fun.
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