Hey DR
You should call the office in Sydney and speak to one of the directors.
Aquisitions will probably be put on hold now and repaying debt fast is on the cards imo. Debt wont be a problem for these guys imo...they will rip into it.
The share price at the moment doesn't reflect where they are at. I agree however...at 25-30..yeah it does. At 7.5 cents...with a market cap of 9 million....if they sold everyhing..they would probably be plus 30 million.
We can move up around 4 times the share price from here pretty quickly and feel safe. But growing the business after that will need to be on better terms, new interest rates agreed on etc.
Anyway....with the US finally getting some new direction, away from bush dynasty and trying to bomb the world....you can be sure that the US will now try to get on with the world rather then try to bomb and exploit the other countries and we should see some sense return to the markets and business pick up again.
Its been hard times for all and sentiment has really shown that in the markets but for company's that are sitting at 25% of their share price from 2 weeks ago like AMA...you can be sure they will get back to at least that price quickly.
After 25-30....I dont know but agree with you that AMA will need to refine their strategy. Its simply a case of being oversold to the max and easy short term money for punters...long term I agree with you though...new strategy.
I'll see after 30 cents what to do.
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Last
5.9¢ |
Change
-0.001(1.67%) |
Mkt cap ! $286.9M |
Open | High | Low | Value | Volume |
6.0¢ | 6.1¢ | 5.8¢ | $126.4K | 2.136M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 729133 | 5.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.0¢ | 359639 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 59761 | 1.050 |
3 | 2596 | 1.045 |
3 | 3726 | 1.040 |
2 | 2898 | 1.035 |
1 | 50000 | 1.030 |
Price($) | Vol. | No. |
---|---|---|
1.055 | 77023 | 3 |
1.060 | 53603 | 4 |
1.065 | 51503 | 3 |
1.070 | 2503 | 1 |
1.080 | 1158 | 1 |
Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
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