Who knows who the sellers were today. However, a good opportunity to increase holding at reasonable prices.
It has to be remembered that AMI has 76,000 oz sold forward at A$1727/oz for delivery this FY. Assuming gold sales of 125,000 oz in 19FY, and current gold price of A$1613/oz for balance of sales over 76,000 oz, this would give an average sales price of gold of A$1682/oz.
This should ensure a very healthy profit in FY19 and a substantial increase in the cash on hand.
By the end of FY19, a combination of production and exploration news, and additional broker coverage, should have the stock price well above current levels. Who knows where the gold price will be by then. However there is a high correlation between a higher/lower gold price and a higher/lower Ausi dollar.
Who knows who the sellers were today. However, a good...
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Last
19.0¢ |
Change
0.005(2.70%) |
Mkt cap ! $321.3M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 19.5¢ | 18.0¢ | $481.7K | 2.565M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 117544 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 719433 | 10 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| AMI (ASX) Chart |