From the pattern of price movements of AMX over the past three weeks it seems pretty obvious that a few hefty players are alternately short selling the stock down and then buying back long for a another chomp as their removed selling pressure allows the price to rise to a more natural level. If I'm right then we can probably expect no let up as the 'players' are surely making a killing, until the company can release some outstanding assay results that drive the SP up. Unfortunately there was no mention in the quarterly of any results being imminent, though surely some must be. What a pity drill cores can't be shipped back to Oz for analysis in order to bypass the logjam in Ouagadougou.
I quite agree that it would seem logical for anyone who was apparently interested in buying the company a few months ago to acquire a basketful at these current ridiculous prices.
AMX Price at posting:
46.0¢ Sentiment: Buy Disclosure: Held
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