AAM 0.00% 4.5¢ aumega metals ltd

the last production report wasn't bad for start of production....

  1. 21 Posts.
    the last production report wasn't bad for start of production. given current production costs of under $700/oz they only need to hit 60% and above that is profit. they are doing that, so they should be making money.

    the supergene enriched zone currently being mined should see more oz's coming in soon.

    IMO the MD leaving takes the exploration focus off the company and as Albert said they can focus on producing which is what they need to do. exploration costs money and $2m of the last SPP that failed was for exploration which they don't need. the plant upgrades need to happen and when it does you'll see a good small producer.

    the MD would have generated a strong support base for the company and many may have picked up on his disgruntlement and may be the reason for such strong selling recently.

    i can only see opportunity.
 
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