It comes down to confidence for stocks like AIS who have found themselves in a prolonged horrible situation. In order to enable confidence to return, you need positive catalysts. We are yet to see any unfortunately. Changing AL would be a start, getting a great quarter of production and cashflow would be another. Until then, the share price keeps behaving as it has, even with the incredible commodity prices. A real shame, this stock could have been something special with a good management team. Take EVN as a good comparison! The charts could not be any more different!
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