Well what a disaster this stock has been, so much promise, and if it had delivered on what the hype was made out to be, even in this downturn, the share price would still have been much stronger. The belt has not delivered outside of Konkera with the past 2.5 years of exploration with how many $m spent?. Guess getting close to cash backing, and at these stock prices the company will grind to a halt unless something miraculous occurs in the meantime!.
Can't help comparing to Regis, who about four years ago were taken over by a proven mgmt. team, 600Koz in resource, now have 10 Moz in resource and are currently building their third gold plant all in that time. If the Batie West belt had delivered, may be still will, but time and money is finite. Needs to be a step change in resources to demonstrate potential, not rats and mice, the latter will not do it.
AMX Price at posting:
10.5¢ Sentiment: None Disclosure: Held
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