I respect your opinion but I don’t agree. I think GC did come out with a black and a bloody nose to boot. The way I see it, a winner of a fight doesn’t agree to an interest free period of 2 years and extend the repayment dates out by 4 years plus chip in more cash in exchange for an extra board seat and some production benchmarks
Even at the low grades milled this last quarter AMI effectively produced a positive cashflow of $4-5m. At this rate, they would almost have all the cash to repay GC by 2020 and if they were short $20m or so they could borrow or raise it.
I note your concerns but to me the current set of facts tell me a different story and I’m very relaxed about the future of this company. Truth be known, if I wasn’t committed elsewhere I’d be buying a stack more
AMI Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
(20min delay)