This share is tightly held and therefore easily manipulated by the big boys to their benefit. We are no winners if we wanna trade this share. The best we can do is go in and hold tight. No point trying to guess the bottom. Where's the bottom? 90c, 80c, 70c, 50c, 10c? Absolutely ridiculous judging by their trading behavior.
The company's JORC resource could touch even 5Moz this year in view of their aggressive drilling. Last year's $30mil drilling gave them 1.9Moz resources. So, they wanna sell until the share's market cap is $100mil? Please continue selling then. I'm waiting at the bottom. Let the manic-depressive Mr. Market does what he wants to do with the shares.
Rerating possibilities: Mali's insurgence settle down (though its operation is in BF, but what's the point? the market lumped all of them together anyway), PFS coming in April which might not be as bad as anticipated by the market, resource upgrades and fantastic drill assay results (As usual).
AMX Price at posting:
$1.04 Sentiment: LT Buy Disclosure: Held
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