About three years ago on 31st October 2019, AMI reported exceptional gold interception from Kairos about 6m 196 g/t including 1m 1160 g/t (Hole UD19PP1563) and 6m 132 g/t including 1m 395.5 g/t (Hole UD19PP1551). After that, we did not see in any quarter that AMI reported low AISC production from Peak, where all gold gone? We saw that AMI spent tens of millions of dollars in sustaining and growth capital to reach Kairos, but where is the output? Need answer from the management. Did Peak Ops Team fail to reach the ore body?
The management team has failed in all corners. They waited to cover their incompetency (both in operatinal and capital management) until Federation FS is ready, but it did not work and the shareholders took the ultimate massive hit.
DYOR.
Regards, Gain 7
AMI Price at posting:
14.5¢ Sentiment: Hold Disclosure: Held
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