Directors buying and enough capital to last 18 months
CR $1 under the previous CR makes sense. Not
To me their are 2 ways to look at it
One lucky strike at Konkera and not much else So directors buy in to try a CR at 30 cents
Or
Directors buy in knowing that there is a lot more than present And getting in now is perfect timing And can pick up some cheap options on the way There is no hurry with a year to get the house in order Drill the most likely targets to get close to 5 million oz Then bam CR If the SP is over $1 then maybe enough to get to production
At this stage I am backing the 2nd option If there is a CR under 50 cents I am out for good
Changing my sentiment to a strong buy Imoo
AMX Price at posting:
37.5¢ Sentiment: ST Buy Disclosure: Held
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