Thanks KKR. Well the 1 for 8 issue equates to something like a...

Thanks KKR.

Well the 1 for 8 issue equates to something like a 12% devaluation of present shareholdings.
Taking up the offer means paying more to stay the same in total.

Gold price is not a strong prospect for a couple of years.
A gradual slide to to around $1,000 US should not surprise,
The usual devaluation of Australian dollar might be a modifying element only.

Copper is in a fairly lengthy long term downtrend and may continue that way.

So AMI needs $10 million now for drilling.
So far so good.
However where will the money come from if the drilling indicates deposits worthy of mining?
More dilution of share holdings?

What is the cause of such a substantial drop in share price if AMI is going "gangbusters"?
At a time when production is on the go!

Why does the company exude panic?

Would be a much happier man if the pace slowed down and the company had a more positive financial state.

Previous share price forecasts by the various institutions are now redundant and too optimistic.

On the other hand the company has been well managed - very well manged.
Indications have been low production costs will keep the company solvent.

There is hope.

But do not expect short term take offs with this company.

Am not as clued up as most people on this site and am not sure whether to take up all, or some or none of the issue.
Keep the forum busy everyone!

Cheers

Vidi