ANL 0.00% 0.1¢ amani gold limited

Ann: Further Diamond Drilling results at Giro, page-63

  1. 4,306 Posts.
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    Have to agree with this 1ForDaMoney.

    The announcements look very old school and don't do the stock any favours. It's sometimes hard to gather what information is important immediately when reading an announcement. Compare it to something like CDV which has good news flow, regular updated presentations and easy to read announcements.

    I sold down a lot of my holding last week as I think there will be another capital raising in the near future. The number of shares is starting to become an issue for me. Fully diluted I think it is getting close to 1.5 Billion. The share price can't get on enough of a run for the raisings to stop being so dilutionary. Probably looking at another 100M shares soon.

    BYR owns only 55% of the deposit too with the option to acquire 10% as I understand it.

    I have confidence in the geological expertise of Klaus and co. but other aspects of the company not so much.

    I'm moving into CDV a bit more aggressively instead.
 
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