Kingdom, I see you have an LT Buy as your sentiment for AMX.
That fits in with my sentiment around current prices in view of where I think the gold price is going in coming years. Short term fluctuations and volatility are neither here nor there for me as far as AMX is concerned.
I'm not short term trading AMX nor am I imo stubbornly holding on to a "sinking ship," which is the impression I got of AMX reading some folks' comments.
I didn't fall for AMX hype near the end of 2010 and pay anything like $3.40 for AMX when gold stocks were near the peak of their run from the 2008 GFC lows and AMX's valuations based on a gold price then of around US$1200 were in blue, blue sky territory.
I am quite comfortable with the gold resources AMX currently has, significantly more than in late 2010, with AMX's exploration upside and with AMX's cash position, and I am very confident that in due course in this gold bull market AMX's gold resources will be given a much higher valuation by multiples than is currently the case.
Gold stocks will run again very strongly as this bull market in gold is far from over imo. Maybe we might need to wait for gold to pass US$2000, but pass US$2000 gold will imo.
AMX Price at posting:
49.5¢ Sentiment: Hold Disclosure: Held
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