I was not suprised to see a few more sellers today after the announcement.
There has been no real material change to the project or drilling program.
I think the fall in SP will be minimized by the anticipation of good drilling results (I think the results will be out this week!). If the results are good this will increase the anticipation for the rest of the program which will appreciate the SP more than it has ever been IMO.
I think the announcement i a mixed blessing: 1. The initial drilling results should be out soon (within a week) 2. The rest of the results should take longer than planned.
All and all, I think AMX is still worth holding on to till the initial results come out very soon.
Lets hope that initial results make up for the delay!
AMX Price at posting:
49.5¢ Sentiment: Hold Disclosure: Held
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