Majority of the volume is likely from those who partook in the EUM Rights Issue at 2.5c a back in April 2016 and are now realizing a 400%+ gain after finally seeing some volume and now have the 12m CGD.
Christmas cash also comes into play for people.
If that isn't the smart game then i don't know what is, you cannot expect people not to realize gains. Wouldn't matter if it was CPS/Bells, DJ's, Patto's or Euroz who was behind, people are always going to realize profits at some stage regardless of the story.
It is also good to have liquidity in the stock now and hopefully it builds a new base with less resistance at higher prices when the next lot of drilling announcements come in.
AMG Price at posting:
7.0¢ Sentiment: Buy Disclosure: Held
