see attached link Goldman predicts gold to reach US$1690 in 2011, therefore no retrace in gold prices as yet per G&S.
http://au.finance.yahoo.com/news/Goldman-Sachs-2011-Forecast-cnbc-4210599228.html?x=0&.v=1
If AAM is still having problems making a profit then i think we should put together a fund and hire a ute, wheel barrow and a shovel and dig it out ourselves.
Seriously, I have been looking at a few broker recommendations re GOLD specy stocks and all of the specy stocks have a MC to resource reserve equivalent to when AAM was in the mid 30c range and these recommended stock do not even have a plant established and are predicting a plant establishment late 2011...
Hopefully AAM will turn it around this quarter to post a 2 to 3M profit, if better, that would be icing on the cake as it would show with increasing Gold prices and better plant efficiencies we should only make better profits going forward.... so much potential it is sad to see the management and the SP of this company struggling so... this is the quarter the company, plant workers and management have to step up to the plate and produce a profit.
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