Wow everyone is scared and selling out. I've seen this before. It's times like this when investors earn their stripes.
The share price is really interesting to me because it's starting to get into negative EV/share valuations (you wont understand unless you see my spreadsheet). If this project gets through this is going to be seriously a 10 bagger.
I really can't see why this is correlated to the spot gold price because they still have uncertainty over the viability of the project.
Funding issues? Quality projects will find funding. GRY got funding in a blink of an eye and I'm confident AMX can get funding in calender 13. I suppose we just have to trust management that they are on top of shareholder dilution issues.
You cant predict the share price you can only manage the inherent operational risk in the business unless your a trader which it seems most people here are hahaha. I'm guessing the people that are freaking out and selling are traders and the people buying are investors in the business. Pretty hard to argue against each other because different money making philosophies. I do enjoy both games.
I do prefer GRY more then AMX (quaity vs price debate) but I am hoping that they both get cheaper but I'll most likely buy MNF hahahaha.
AMX Price at posting:
27.0¢ Sentiment: None Disclosure: Not Held
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