look, Ampella need Reserves (they have none) and until they do have Gold Reserves, they will remain "off the table" for most take overs at any sort of "reasonable" offer.
The Measured, indicated and inferred resource is 3 Million ounces which is quite impressive, but AMX needs Reserves, 1 million would be ample to begin with. Of course, this may be forthcoming in the soon to be released Pre-Feasibility study (I hope so).
Is AMX value at the moment? - You betcha and Even the "chartists" would agree that ALL technical analysis is displaying "Oversold" Indicators - ALL of the Indicators.
Can AMX go lower? of course it can and THAT scenario is related to the POG and World Economic conditions and Stock Market sentiment.
Can it Rise..... me thinks more than it will fall .......
:) Fish
AMX Price at posting:
73.0¢ Sentiment: LT Buy Disclosure: Held
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