Thanks Gwaihir for your excellent analysis which probably aligns with the views of the market. The management has announced Dargues exploration results with others that the market does not put too much emphasis on that, but probably that attempt failed. Even after good exploration results from others, the SP hardly moved due to Dargues results. Adam McKinnon and his team did pretty good job for Federation, Great Cobar and Kairos. Did he and his team failed to make a good call to assess the geology of Dargues what thought to be the main driver to aquire it. I see less hope to AMI shareholders in the short term after several failures from Dargues, AMI already probably spent more than $5M on Dargues exploration. Hope, Dargues phase 2 drilling results will bring something positive that the SP can move north. But, importantly hope the upcoming Dargues Qtr production result, due within two weeks, will give some positive cashflow although getting less confidence with Dan and his production team.
DYOR.
Cheers, Gain7
AMI Price at posting:
32.0¢ Sentiment: Hold Disclosure: Held
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