At least GRY seems to be making a bit of progress, is trying harder to stay within budget and will further taper expenditure next year once they have finalised their revised plans. They can do this for a while longer having around $46m in cash. I think there is more chance of GRY surviving intact than AMX.
I wonder what Taurus thinks about its investment in AMX and what they are doing to preserve it?
AMX should now just stop all exploration, have minimal expenditure and go into hibernation until the POG is consistently over USD1550/ounce. Otherwise it will be raising capital at 5 cents share and have a billion or more shares on its books.
loki
loki
AMX Price at posting:
9.6¢ Sentiment: None Disclosure: Not Held
