It's obvious that the debt can be repaid in circa 2.5years based in last 3 quarterly reports. It's also clear that a resource upgrade is coming which heralds the possibility of not just the extension of mine life but the improvement of grades.
The company is doing all that it can to keep the market informed and I for one am satisfied with the current rate and pace of mine development and news flow.
In the interest of full disclosure I am a top 20 shareholder that has never called the company or spoken with any of their Directors, Execs or mine personnel. I have relied solely on my own research and interpretation of AMI's news flow and as such I have been able to get my average price down to <1.5c
No harm in trading part of your holding and continuously averaging your overall price down, that's a good strategy whilst waiting for the resource upgrade, apart from that, AMI is a good long term hold and all that is required is patience.
We need resource upgrade, page-8
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Last
21.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $355.2M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 21.0¢ | 20.5¢ | $357.4K | 1.722M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 121951 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 888884 | 20 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| AMI (ASX) Chart |