Nothing really new to read here , for people that have been regularly reading drilling updates and other announcements anyway. A few time frames have been pushed back due to "lab lag" , but no big deal in the grand scheme.
Amx sure do like to keep it short and sweet and stick to the facts in their reporting. I like that. Not a whole heap of promises being made ,just sticking to the plan. No sensational claims , just let the drill results slowly but surely tell the story for what it is. And what is it ? A DAMN BIG DEPOSIT and a HIGHLY prospective land holding !
Time for speculators to start thinking not only about Konkerra , but even more so , the regional drill programme.
I believe, through out the regional drill programme ,thats already underway since easter , we are going to see the early formation of a whole new deposit(s) somewhere along the strike.
Imagine one of the new drill targets separate from Konkers, yeilds another 22m @ 3.3gram + /tonne or simular? Just think about that for now...
What does that do to amx's share price if we start factoring a second multi million ounce deposit into the equation? and after the second deposit , then a third? and what if all regional targets (all 15 targets~!) start to yeild economical grades? Enter that into your sp evaluations... Institution buying will be off the charts , they love projects with long mine life potential ,and multiple deposits offer just that.
I believe that is where we're are heading in the coming year(s). Not to mention the deeper drilling a Konkers , that could add significant new ounces to that deposit once complete.
Forget about the noise going on in the background. Burkina faso situation will continue to diffuse itself, macro gold price factors are more bullish than ever, and the AUD will strengthen amx's buying power when paying contractors, labs and fuel suppliers in USD.
And as for the current drop in the sp , it is nothing more that an unbelievable opportunity to get in on all this upside at a fraction of fair value.
It?s actually quite amazing how a few odd share sellers can influence the stock price when there is low volume, but it happens, and it shocks new investors that entered at higher levels and causes capitulation in the sp. The Main thing is, that the people who REALLY own the company are not selling and there is no fundamental reason why this is happening, except for a few TRADERS bailing out.
And they will be sorry little Johnies soon enough.
Stay focused , keep patient and be rewarded. Top up if you can imho .
**have posted this elsewhere on the netsphere also, don't have time to rehash for originality sake . :D **
AMX Price at posting:
$2.15 Sentiment: Buy Disclosure: Held
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