This was always going bounce back hard around these levels...as Siamese Parrot stated wayyyyy undervalued....
All the rumours are just that to support shorting this stock to these levels. As if their gold resource of 3.1m oz was attracting quite a bit of corporate interest when at $1+....the interest and due diligence by these players is worth more than the usual hotcopper rumour mill...
This will be back in 60s by end of next week IMHO. Gold is very much in favour in current climate in view of QE3 forthcoming....
Shorters would be madly covering now as otherwise will get burnt as china data also made market less fearful.
AMX Price at posting:
38.2¢ Sentiment: Buy Disclosure: Held
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