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AMG Not going to curse it with a postulation on Burra but if...

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sikadeer

4,995 Posts.

128

15/11/18

13:31

Post #: 36517169
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Originally posted by haspete ↑

Originally posted by sikadeer
AMG had a history of less than salubrious (read notorious) management machinations, but only the last 15 months of the chart really applies now since the major reconstruction and change of majority holdings and board.
Its business model of reclaiming old and long forgotten mining areas combined with the startling potential of the new revelations at Burra, as you say, should have given rise to greater interest but the market has long memories and I think a lot of peeps can't really believe what may be. Last small raise for progressing Burra didn't dent the sp a bit and with the stated intent of paying their way from workings as they go I can see the Golden mile being expedited as well as poss to production of some sort. It is all from surface after all...
To me it was a small gamble in the beginning. As usual I was ahead of my time and bought in the 5's. Followed that up with a bloody minded revenge attack when it hit the 4's for a major average down. Looking good for the future but loath to buy here at highs though can see the support moving up to acquire now. If I can pull a winner I might split the gain for a few more.
@sikadeer AGM Thx for the history the market has a memory but ATM this ones looking pretty good with what they are doing and the chart is about to golden cross I'm saying its cheap here and not about to get any cheaper could well be a good grinder if not runner from here imo.

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AMG Not going to curse it with a postulation on Burra but if anything shows even close to it's potential it will finally be a dt dream.
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