The guys have been taking care of the formalities with the prospectus lodgement etc, but the 64 dollar question is still a blunt "Show me da money!".
I'm still optimistic about their chances - given the large amount of investment cash looking for quality, ADVANCED exploration/deveopment projects, but time will tell. Mincor might be old history for most traders - but it went through the same phase of market malaise when they tried to finance Miitel purchase. (The first fundraising attempt actually got cancelled due to lack of interest!!!!)
I'll keep sitting on my stake and see what plays out.
Vanuatu is also the forgotten "Plan B" for AMG, and I think Vanuatu has some real potential as an exploration play.
R/happy
(not ramping, just hoping)
AMG Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
