I have been in AMX for a while now. Its obvious that 1. Some small short selling 2. End of Year selling 3. Recent metallargy and corporate activities 4. General negative sentiment where even BHP and Banks can get smashed on a given day 5. Reduced apetite for West african Gold love 6. Inability of the board to attract a bid of around $1.40 or so 7. General panic selling all have contributed to the current SP calamity. I strongly believe that this one has the potential to go down to between 35c and 40C before it makes a slow and staedy recovery towards 65c to 70C. If the market sentiment is good by then and if POG is OK then it can rocket from 60C+ to $1 in a rapid rise. I am expecting the Board to start massive road shows to brokers etc to remind them how good is this Coy starting July. Mark my words and see if what i have predicted will happen or not. Tha.
AMX Price at posting:
50.0¢ Sentiment: None Disclosure: Held
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