I just read the quarterly report and $3.9m into exploration and a total of $240k in total administration including salaries, and directors fees, lawyers, offices in Sydney and Cloncurry. Show me a company that puts all of the capital into the ground. 93.75% of the quarterly cash went into drilling and assaying and exploration. If these guys aren't having a real crack, show me who is. This is what I call shareholders getting a real bang for their buck. This is definitely not a directors lifestyle company like 90% of juniors, that's for sure. Put a real smile on my face when I saw money in the ground compared to admin. Usually the other way around. I would be happy to put money into the company after reading this. No wonder institutions grabbed it.
AMG Price at posting:
9.5¢ Sentiment: Buy Disclosure: Held