GM - the sprott guys are correct about the new finds at torkera and south konks. Very encouraging results given its only first pass auger stuff...
But it was the RC results from doubema , pampouna, and foumbiri that missed the target completely. And to a large degree , these were the results that we were really needing to shine, as its these prospects that were touted as having potential to improve the PFS and delay the need for the regrind circuit through more oxide contained ounces..etc...
Look at that table of significant results at the end of the ann. You cant paint a pretty picture with those results, no matter how you map it. Its a miss with the drill bit. But as gundi said in another post, you don't always get it right when lab results stunt your guidance. It doesn't mean those area;s aren't economical , but it lessens the chance that they will be significant now [perhaps].
Costly mistake none the less.
Market is always waiting for the next big find from AMX, and yesterdays ann did not deliver it. You will know when they have found it , because the share price will do the exact opposite to yesterday x 2 .
More waiting and more test of patience for long term holders. Traders will do what they must , as GM said. I am both , and will act accordingly.
AMX Price at posting:
49.5¢ Sentiment: LT Buy Disclosure: Held
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