Good to have own onsite lab prep facility now functioning, more assays to follow soon, right through to the end of October, both infill and new exploration.
The infill is going well and really proving up the deposit cores, those drill spacings are coming down, and the new results are still as good, if not better.
Currently have 3.1Moz at 1.6g/t, more ounces now into higher confidence levels, and new ounces to come on stream.
Currently has $42 million in cash, though the exploration and pre-feasibility studies are churning through it, as you would expect.
247 million shares on issue.
Excellent appointment of Doumboue as General Manager, Burkina Faso. He has been Secretary General of Mines in the Burkina Faso government for the past 10 years, is a Mining Engineer educated in France, and twice decorated for services to Burkina Faso.
AMX also is about to appoint a Corporate Manager, for overseeing capital markets, shareholder relations, media and corporate affairs etc.
Things are moving along really nicely now. There may have been a hiccup or two in the first 6 months of the year, and management may have opened up the data room too early, perhaps a minor strategic blunder there, given the state of junior gold stocks and the world economy.
Excellent presentation at the Africa DownUnder conference (booth 127).
Things at AMX seem to have settled down, with the company getting back on track.
They should now drill for another year, prove up what they have, and find new resources, and try not to get ahead of themselves. The markets will do whatever the manipulators and their algorithms want anyway (which is out of AMX's hands).
Gw
All lives are shaken into a pattern that makes sense only in retrospect. (Paul Theroux)
AMX Price at posting:
52.5¢ Sentiment: LT Buy Disclosure: Held
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