Thank you Killa68 & Precis for your insightful comments.
Watching the trading over the last week there was an attempt to push the shares under 40c however the price of gold and the other basket of commodities have as you both say are on the rise and there was a BUY on AMI by NAB Trade. The latest updates have had time to be digested by the market as well.
Very good news to see Federation is going straight towards a Feasibility Study. Not surprised at all.
I would err on the side of caution regarding Peak Deeps. As I mentioned in a previous post, last year in a Conference Call it was said that there would not be a material impact on the bottom line this FY. Back then they were saying it would be June before it would be in full production. I hope those timelines are able to be bought forward and happy to be corrected if I have missed an update to that timeline.
Good to see us back in the forties.
All the best.
KKR
AMI Price at posting:
43.5¢ Sentiment: Buy Disclosure: Held
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