Valuation and SWOT Analysis - AMI, page-438

You are on the right track about the short-term prospects of AMI. I think it is definitely less positive than we have hoped at the first half of the year. I think that the cash balance for AMI will be what keeps it afloat while they find their feet. I would not be too bullish on the company in the meanwhile until clear signs of sustained stable performance is demonstrated.

I understand you have made some heavy losses investing with AMI. You are not alone. Do not be too disappointed. Having been investing in this industry for over 6 years, I was down 70% in the first 18 months of seriously investing in gold mining companies. This coincided with the decline in the gold price in April 2013 that led to the gold mining industry entering into a vicious bear market that bottomed out in Nov-Dec 2014. Being 70% down is painful, as virtually no gold miner was spared the onslaught. However, I stuck to my guns, was more diligent in my analysis and disciplined in my trades. From there till now, I made 50% p.a. returns average to this day, though I had better years in some than others.