"People that hate mining stocks right now are going to find reasons to love them because whenever you have the kind of dynamic move that I expect, anything that can be viewed as a way to participate is going to be explosive. And certainly gold, silver and mining stocks will be at the top of that list for investors.”
John Hathaway from We Are Within Months of This Crisis Blowing Wide Open
My comments:
In such a scenario imagine what AMX might then be valued by the market as AMX already has about $5 billion worth of gold resources at today's price.
In today's farcical market $10,000 worth of AMX shares is backed by around $300,000 worth of AMX's gold resources!!!
So I am holding firm and not giving away my AMX shares backed by AMX's gold resources for a pittance of their true value imo.
it's worth having a think about this ...
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Last
44.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $41.79M | |||
| Open | High | Low | Value | Volume |
| 43.5¢ | 44.0¢ | 43.0¢ | $18.83K | 42.94K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12213 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.0¢ | 10694 | 1 |
View Market Depth
| Last trade - 15.09pm 05/07/2024 (20 minute delay) ? |
| AMX (ASX) Chart |