Announcment today of no acceptable bids.
I feel that the corporate interest test AMX has conducted was poorly timed = wrong time in the valuation cycle + wrong market conditions + POG still in a corrective state + no significant news flow during the period (other than wardaradoo hits) .....
I think that a bid will be far more likely once the PFS has been released and more gold added from new discoveries.
Here's what I see driving the stock higher from here :
1. POG to move back over 1700 and clearly back into uptrend
2. Good PFS numbers (this shouldn't be a problem )
3. New discoveries adding oxide style ounces to push sulphide ores back into the mining schedule + offer up plenty of higher grade blending material.
4. Upgrade in resource catergories , as well as overall ounces to 4mil/oz +
5. Improvement in capital markets- giving confidence in project funding down the track . (this shouldn't be a problem also)
Should see a good bounce soon , given that the major seller has been exhausted (from what i've heard)
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Announcment today of no acceptable bids. I feel that the...
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Last
34.0¢ |
Change
0.013(3.82%) |
Mkt cap ! $32.29M |
Open | High | Low | Value | Volume |
34.0¢ | 34.0¢ | 34.0¢ | $3.925K | 11.54K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2801 | 31.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
34.0¢ | 14043 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2801 | 0.315 |
1 | 3225 | 0.310 |
1 | 12962 | 0.300 |
1 | 2000 | 0.250 |
1 | 3750 | 0.240 |
Price($) | Vol. | No. |
---|---|---|
0.340 | 14885 | 1 |
0.345 | 7406 | 2 |
0.350 | 8157 | 1 |
0.355 | 1500 | 1 |
0.370 | 12600 | 1 |
Last trade - 11.49am 04/09/2024 (20 minute delay) ? |
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AMX (ASX) Chart |