I am glad i didn't try to average down on this one.
The problem is that most explorers thought the big deal was to keep finding resources...but when even the gold producers are struggling to keep thier shareholders happy... trading at PE of 1.5. There is no way they will buy any risk asset in the near future. There are so many producers looking like a better buy than AMX... just look at their balance sheets...cash,producing, resources, future EPS of RMS, DRA, BDR, PRU, AQG, SLR, even NCM if they can fix their operations this year.
This management team failed big time last year with poor decision plus the thoughness of exploring in the middle of nowhere... now we see the last supporters angry with reason.
punters jumped in at $0.30 thinking that was the bottom.... we all failed big time. I lot of money with this company too....but didn't give them the pleasure of me holding the stock or rewarding them by buying more share.
The problem is there is no real solution in the short term. They should just try to find a buyer and sell it at whatever price they can get (let's say $0.50) otherwise... more capital raise=more pain for the shareholders very soon.
AMX Price at posting:
22.5¢ Sentiment: Sell Disclosure: Not Held
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