I say that the general behavior on the ASX is completely overdone.
The ann of today was neither good nor bad.Anyway, a -12% sell-off is total nonsense and based on emotions.
The volume is also not really high.
It is stupid to claim that investors which buy shares from SGX listed companies - also from the mining sector -, from where they come from the world, have no idea from the this sector.
Blanket and populist statements do not help. However, today's AMAL trading on the SGX is what I would expect because the ann is neutral for me. https://sginvestors.io/sgx/stock/40f-alliance-mineral/stock-info
AMAL is on the right track: negotiating with other offtake partners, enlarging and optimizing production,
drilling and increasing resources. only a matter of time.I feel very comfortable.