I have a feeling that there maybe more to this deal than it looks. Activ Ex although not showing a lot of cash is one of the largest Landowners (EPM holders) in QLD. They just seem to raise money as they need need it. From what I hear have big backers with serious $$. Burrasa is right about Lorena plant. Actually the Whole plant consists of a CIP and a float plant so can do Cu and Au sulphides or oxides. The problem with the Lorena plant is the operators and metallurgical problems with the “Shite ore”. Also have a Chinese company mixed up and ownership problems with the part owners. Once Chinese get involved in any mining operation in Australia goes to shite. Always scamming the poor aussie. Lorena is no different. Chinese just laying down the law. WTF?? Anyway I’m still backing AMG as a ten bagger. Nothing is easy these days.
AMG Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held