AMI if I am correct still has an undrawn $10M loan facility they can call upon when needed aswell as being able to call to market participants for capital raising. How often does retailers though get a good shot at averaging in??? Unlikely but worth a watch at current levels as I suspect insiders would be keeping prices above 10c for the time being as covering looks to be taking place aswell as large on market purchases for substantial holder increasing position.
Too early to call it quits here as things are heating up in the gold space plus this is quite beaten off the highs I suspect they will rally prices up so long as 10c support holds, buyers keep restacking, shorters keep shorting at lows etc etc many factors come into play here. SENTIMENT IS NONE, ALTHOUGH BULLISH! AND LOOKING TO GRAB SOME! Esp if 12c reclaims and 10c still holds I don't mind what price I pay considering Im not exactly bottom hunting, so long as those 2 signs are appearing! All the best
AMI Price at posting:
11.0¢ Sentiment: None Disclosure: Held
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aswell as being able to call to market participants for capital raising. How often does retailers though get a good shot at averaging in??? Unlikely but worth a watch at current levels as I suspect insiders would be keeping prices above 10c for the time being as covering looks to be taking place aswell as large on market purchases for substantial holder increasing position.
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