Share
13,592 Posts.
lightbulb Created with Sketch. 295
clock Created with Sketch. 10/06/20
09:05
Share
Originally posted by Dbdesigns:
↑
I think the best thing is that all the posters that don’t have confidence in the new board or the Cloncurry assets should all sell and find a company you can write a post about that is positive. Why waste your valuable time in AMG? In 1987 I took a placement in the float of DMR with May Mellor Stockbrokers in Sydney. The company that owned Mt a Freda was DMR and within 9 months of listing it was in production with a fully operational CIP plant, producing Gold at an average grade of 4.4g/t. My stock went from 20c to $1.40 in 7 months when I sold out and the stock kept going topping out at $1.68c then the big crash came and wiped out all the ASX listed Companies. 33 years later,,AMG are back to finish the DMR story. It’s a proven Gold mine with great metallurgical characteristics. I think the scoping study was a little early, but the Gold is still there. I have found some of the old brochures showing the drilling by DMR and will try to upload them. One is of the drilling results from DMR in a brochure they out out in 1988. I would recommend first they get the resource into a measured category before a scope study. I think the new management will be a completely different animal from the last lot. For all you non believers just sell out and move on, life’s too short.
Expand
Brilliant post, IMO!
(20min delay)