I suspect briefly on the wrong side of the purchase if POG drops tonight, but if it rises then on the right side.
The selling seems overdone and shorters getting in now are facing upside risk. The .42-.36 range is low for AMI. Even on a short cyclical basis it should oscillate above that range short term.
As for cap raising, it seems unlikely.
The presentation was lame. It naively in my view fairly equally weighted all assets in terms of the space taken in the presentation and growth instead of placing emphasis on the potential of Federation as driving exponential growth.
In other words, it failed to emphasise the main event.
A comparison with peers with developed resources of that level might have been useful.
GLTA.
AMI Price at posting:
39.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)