You seem to have missed the point of my post I'm affraid. Re sentiment driving stock prices.
And as for your assertions about Amx not being currently economical , I'd hardly say you'd be an authority on the subject from where I'm sitting .
You can delay a project because you want to enhance and optimise the way it is built and paid for , what is built and when , not necessarily because its uneconomical. By pushing the timeline back and finding available oxide ounces , they will ultimately save investors debt and dilution ( for reasons discussed on the threads already) Sure, they could most likely pull the trigger now , but it wouldn't be the smartest move in the long run and not in the best interests of shareholders .
I see you hold a position in GRY .
It's share price has collapsed just as much as Amx . Does this mean the market is correct about GRYs future also ? Is their project going to be un profitable ? Well market sentiment certainly suggests so , their share price has plunged since the BFS
They've been active in Burkina 3 more years than AMX .
Where's their mine ? Why aren't they pouring the yellow stuff ?
AMX Price at posting:
26.5¢ Sentiment: Buy Disclosure: Held
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