I think it's possible that sentiment may have turned for AMAL. I'll be looking to add some more shares on SGX after AMAL falls back after its initial jump up. Of course, we hope production will continue like January, and that a second reliable offtaker will be announced soon with a reasonable deal. I feel sorry for those who got squeezed out in the downtrend, either thru margin forced sales or just bad sentiment. As for the shorts, since they often spread and exaggerate bearish news to help their short positions, I hope this quick spurt up gave them a kick up the rear.
A40 Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held