I participated in this morning's conference call and from what the CEO Jim Simpson said, the Peak mine operations are undergoing a refurbishment. This may probably be well timed in the climate of the gold price in AUD being quite strong and they have substantial cash reserves to cushion this development. While I am disappointed about the production level dropping significantly and the gold grades are down, I think that it is justifiable. Sometimes a company has to take two steps back and then three or four steps forward. AMI has a track record of doing this, so I am not too fussed about the 30% price reduction since it peaked in February.
On a separate note, I have published a research report on identifying factors that drive market capitalisation and subsequent price performance of ASX-listed gold mining companies. AMI is part of this study. Check it out and let me know your thoughts! I think given the current trough in gold mining company prices, the report findings may allow you to line up behind the winners for the big takings ahead!
https://hotcopper.com.au/threads/research-analysis-of-factors-that-drive-valuation-and-stock-price-performance-of-asx-listed-gold-miners.4728004/
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Last
17.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $296.0M |
Open | High | Low | Value | Volume |
17.0¢ | 17.5¢ | 17.0¢ | $217.9K | 1.253M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 272605 | 17.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.5¢ | 45710 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 207605 | 0.170 |
11 | 935355 | 0.165 |
10 | 459871 | 0.160 |
5 | 335260 | 0.155 |
9 | 774968 | 0.150 |
Price($) | Vol. | No. |
---|---|---|
0.175 | 45710 | 2 |
0.180 | 948983 | 13 |
0.185 | 723348 | 14 |
0.190 | 1189919 | 7 |
0.195 | 291806 | 4 |
Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
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