Ann: Nymagee Scoping Study Commences, page-28

Hi Croc,

I punted on AMI before the dodgy company reporting, got stopped out, then after the legal action was finalised, and am now wondering if it is time to sell?

I hold AMI but Im unsure if the company is worth much more than the current market cap at $100 million, possibly up to about $150 million.

Ami look to be set on making $20 to $35 million per quarter, and limited cash flow upside purely on what they can physically mine from the one site.

Other prospects are just that and carry the requirement for definition drilling, converting jorc resource to reserve, pre-feasibility, feasibility, raising money.

Will any upside from now be limited to multiples like x 1 or x 2 current share price, based on the current market cap of $100 million limiting any further large share price movements?

Are the large company substantial holders interested in providing value to retail shareholders?
Or will Ami pay of debt, spend all its cash proving up a new resource, then be taken out by one of the large shareholders with a low ball offer?

Has the time to make money for punters passed with the move from 2c to 26c?

Apologies if this post annoys you, I can just see danger danger danger in your above post, the type that indicates buying a company and riding it all the way up then all the way down.

71c4