AMX - Ampella Mining
- Thread starter Trader Paul
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New fly through presentation
Looks very smart
http://www.youtube.com/watch?v=M0dHWO50OfQ
Have a look if you like pure gold exploration !
Looks very smart
http://www.youtube.com/watch?v=M0dHWO50OfQ
Have a look if you like pure gold exploration !
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They are going to need more than a presentation to get themselves out of the mud. Having said that, they have certainly been sold to much more reasonable levels...eventually something will happen here, but much better prospects out there. Good luck to AMX.
Current EV around $20/oz , just above exploration costs. Not sure whats "reasonable" about that.
Buyers are back in town in AMX. Another solid day after carving out a recent double bottom .
Looks like a new trend forming. Up 20%+ in two sessions on increasing volumes.
Strong Buy signals everywhere on this one now.
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Buyers are back in town in AMX. Another solid day after carving out a recent double bottom .
Looks like a new trend forming. Up 20%+ in two sessions on increasing volumes.
Strong Buy signals everywhere on this one now.
ah.....this would be the stock you were keen on and promoted it going up when it was $1.08 and i said it was headed sub .79c .....it may become a 'topstock' again, however, let's not have any ramping, ok,
just saying.....
ah.....this would be the stock you were keen on and promoted it going up when it was $1.08 and i said it was headed sub .79c .....it may become a 'topstock' again, however, let's not have any ramping, ok,
just saying.....
Up over 25% in one week and now over 50% off the 52 week low
Don't need to ramp it mate , already on its way. Just given the heads up , take it or leave it.
Just saying.....
prawn_86
Mod: Call me Dendrobranchiata
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Oversold according to who/what and why? Please provide more details for your posts
AMX has 3.1mill/oz x industry average for gold in ground ($75/oz) = market cap of 235 million = .95c per share at current dilution.
Current sp = 60c
60c x 40% = 84c
Hence it has more the 40% upside just to get back just in regard to peer average.
Hence , its 40% still oversold.
Now go do the sums of 4mil/oz , which has a good chance of being hit this year. Then we see a possible upside closer to 60%-80%.
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What worries me is that based on the history of their capital $$ raising consistency, they might find another 0.9m oz which would theoretically increase the share value, but introducing more shares just dilutes that increase. So the real question is, are they intending on introducing more shares for more and more funding, hence diluting the share price? My guess would be a yes, but I haven't researched them much and don't know what assets they have (if any), nor do I know how much cash they have left in the bank.
Have they released when they expect to actually make some money off of this 3.1m oz deposit they've found? Also what the price tag will be to get every bit of infrastructure up and running before they start digging up the dirt?
Have they released when they expect to actually make some money off of this 3.1m oz deposit they've found? Also what the price tag will be to get every bit of infrastructure up and running before they start digging up the dirt?
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I got the impression that it was a porphyry resource which makes for difficult processing and thus the recovery news was a real boot in the rear - if so this would make a comparison less "apples with apples". Just a thought. Also looking at management trying to hive off the whole lot only a couple of months ago doesn't say much for the ground or perhaps management otherwise. But taking all that into account, maybe it is a major turnaround candidate.
"maybe it is a major turnaround candidate"
Already 80% higher than the recent 52 week low. Larger buyer is present and not shy to push the price action to fill orders.
A new up trend being established. The trend is your friend.
Recovery rates are the same as semafo up the road, which has a billion plus market cap for a simular size operation as AMX are planning.
Undervalued by multiples if your investment horizon reaches past your keyboard.
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Is it changing direction ? Weekly chart.
I have been watching for a turnaround here for a long time. I don't want to sound like I am trying to shoot the stock down and sorry if it had that tone! Current gold climate is suddenly bullish short term and may support a break to the upside - on the daily chart it does look that way (weekly shown above), but I have entered falsely twice before - as mentioned by someone here (GG ?) if you try to pick bottoms you can end up with smelly fingers!
I do agree that they have a decent resource though, one that could be developed, however I know little about the company or the ground other than what I have mentioned which I am quite happy to proclaim is quite limited.
I am watching.-
Nothing wrong with playing it safe Jeff. If you only get the middle 80% of every move, you're doing ok.
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In the current gold climate and with the recent smashing of AMX, I could quite easily agree with your analysis Boggo, which to me suggests that at least a mid term base has formed and we could have seen the turn around point with a double bottom and a good rebound.
I will be looking for a solid move above 60c, test and continue - then I may look for an entry on that. Based on US ruminations, that could well be tomorrow - probably expect med to high volume, up.
This is an exciting one to be looking at - and thanks for making me feel better about having no conviction "thegooch".
I will be looking for a solid move above 60c, test and continue - then I may look for an entry on that. Based on US ruminations, that could well be tomorrow - probably expect med to high volume, up.
This is an exciting one to be looking at - and thanks for making me feel better about having no conviction "thegooch".
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Sitting at 53c right now... Hit 52c yesterday and shot back up to 55.5c before the close. Interesting to see where it goes today
Chartwise and fundementally with POG rising, amx looks set to move higher again.
Looking for it to take out the 62c mark this week.
Keep an eye on that 75c level. If it breaks that in the coming weeks, i think we're going to see a sizable move back over $1 mark.
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