AMX 0.00% 42.5¢ aerometrex limited

Another recommendation for Ampella Mining!Meyer ponders Chinese...

  1. 249 Posts.
    Another recommendation for Ampella Mining!


    Meyer ponders Chinese metals bear-raid

    Remember the Chinese bear-raid over the evening of the LME dinner three years ago which prompted a metals price collapse, warns Fairfax analyst John Meyer.


    Base metals are seen as fundamentally overbought by many, say Meyer, but metals prices appear strong.

    'China, Japan and other nations are competing for metals, both physical and future supply.

    'In the way that communist policies subsidised excess metals production through the cold war and for some time after, centralised governance is now buying in metal for strategic and investment purposes.

    'Prices are therefore supported by excess liquidity, low interest costs and by strategic and other investment demand.

    'The LME dinner and associated gatherings in London this week may confirm a lack of demand within the trading community but may equally confirm that much metal is sourced directly from producers.'

    Bank some profits and look for some new growth opportunities in the short term, he suggests.

    Recommended stocks to look at: ENRC, Mwana Africa, Polymet Mining, IFM, EMED Mining, Petropavlovsk, Platmin, Medusa Mining*, Oxus Gold*, Shanta Gold*, Hambledon Mining*, Patagonia Gold, Metals Exploration and Ampella Mining. (*Fairfax is house broker/nomad).

 
watchlist Created with Sketch. Add AMX (ASX) to my watchlist
(20min delay)
Last
42.5¢
Change
0.000(0.00%)
Mkt cap ! $40.37M
Open High Low Value Volume
42.5¢ 43.0¢ 42.5¢ $2.006K 4.719K

Buyers (Bids)

No. Vol. Price($)
1 3216 42.5¢
 

Sellers (Offers)

Price($) Vol. No.
44.0¢ 7000 2
View Market Depth
Last trade - 15.59pm 19/07/2024 (20 minute delay) ?
AMX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.