My greatest fear is the expectation that the hills around Braidwood are full of gold and exploration will make this a compelling acquisition. Read about Talisman and what happened at Lucknow. Historically the mine produced 100gram ore but they were unable to find any repetitions. Whilst I also think gold will rise, its completely out of AMI's control. This huge investment is based around unknowns.
I really wish the company well. Like others, my wealth tanked yesterday. The bloody fund managers are great at playing with other people's money - how many institutional investors have their own skin in the game. Let's hope six months from now that 43 cents was money for old rope.
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