A well timed announcement by management to stop the slide of SP and show the big finger to Mitsu & Co was needed and much sought after buy shareholders. With the EFY results and dividend to be between 2 to 3 cents [ just my view] we should see a spike in SP at the end of this month, then the usual retreat by 10%aprox. Better days will be ahead at the end of this quarter if AMI decides on the percentage of production hedged, with short forecasts of POG to be in excess of 2000usd after recent correction shareholders will be in better position than some producers who hedged earlier being more debt laden . Again forgive my spelling, ill work on it .Regards.
A well timed announcement by management to stop the slide of SP...
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21.5¢ |
Change
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Mkt cap ! $363.6M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 21.8¢ | 21.0¢ | $85.50K | 400.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 873040 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 194341 | 4 |
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| AMI (ASX) Chart |