I’ve been watching daily the announcements, SP, and course of sales and in my opinion the current SP has nothing to do with announcements or where this company is going. The opposite actually. Every time there’s an announcement, especially an encouraging one, the SP starts its expected upward rise only to have someone trade a big bundle at a lower price and knock the SP back down. If you don’t believe me check out the 100,000 sales for one. Great if you’re wanting to top up or get in but it’s holding or bringing the SP down every time.
Someone is definitely accumulating or trying to keep the price down..... is a TO in the winds? Or maybe it’s just the numbers boys wanting to make their few cents per share. Or is someone intentionally keeping the price down for personal reasons??? Oooh to have that much money.
Whatever the game, they are succeeding in keeping the SP down in a company that is worth so much more than this. I would think that with what’s been announced in Cloncurry alone that a cash rise isn’t necessary short term for future drilling etc. There’s a lot to this company.
AMG Price at posting:
3.9¢ Sentiment: Buy Disclosure: Held