Good news no capital raising at this SP.
Not a bad outcome by these guys as i re read the prospectus, purchase price of $1m cash and script for the QLD assets from QMC, then 8 months later sell an old stockpile for $2.5m cash. That;s what i call value adding!
What other hidden gems do they have up their sleeve that they have kept quiet ? My guess they need $5m for the year, and by the last quarterly should have about $3m in the tank. Any more stockpiles to sell ?
I would like to see some more cobalt results from SA to excite the SP, i think the market missed the last results.
ill punt a few more on this
AMG Price at posting:
4.9¢ Sentiment: Buy Disclosure: Held