volume, page-8

fish

I reckon he meant to say amx share price will be similar as gry...amx has 1m more resource which will be matched by gry in a month...amx may increase its resource to 1m and make it 4m this year...yes ampella has more resource at the moment but I believe gry will match it after some time as they are building a plant to accomodate +5m oz....

gry has other investments and started looking for 300m plant cost in finance market to get loan facility imo...that has hurted the share price as they could do cap raising...but I reckon gry/amx both will be able to get loan arrangements as 300m cost is not big compare to other projects that needs billions...it is often difficult to raise billions but still many iron ore plant in Australia has got loan arrangements around 200m easily...given that these are GOLD miners they might get more and both companies are pretty much cashed up at the moment...so they dont need money immediately so they can always wait for right time when share price will be good to raise 50 to 100m...if you check their last cap raising they havent given significant discount so the dilution could be minimum even if the cap raising will occur...POG is volatile anyway..as soon as the sentiment will get change and investors will rush to buy gold and take it up again...
I dont know how much would it go down from here but this is extremely good buy at the moment imo...last i had similar feeling about ost when it was trading at 67cents...panic sell is not right thing to do...both companies are progressing their work and ticking the boxes...I dont see anything wrong with the fundamentals..these recall me similar situation of cdu when investors sold on downtrend and still fighting against the bot trading about how it was taken up again by bots...
bot trading by hedge fund/fund managers, margin calls and shorting is very powerful to take share price anywhere in either direction no matter how good or bad is the fundamentals...