Hi all,
relatively infrequent poster but thought I'd put a question out there...
I'm quite interested in west african goldies simply because they are getting fantastic intersections, low extraction cost and I think people are overestimating the sovereign risk involved (i'm not particularly worried about the current Mali fiasco).
anyways, I currently hold GRY and GMR and am thinking about freeing up some capital elsewhere to take a stake in AMX.
What I can't figure out though is why (with the exception of GMR which released some great intersections recently) GRY and AMX are getting absolutely punished in their shareprice. Is it relentless selling by large holders to hit stop losses and then top up again? The selling pressure has been huge!
both GRY and AMX look like fantastic gold explorers (each with low million ounce resources) and with heaps of drilling yet to do. Why is the SP getting punished so bad?
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