No real news or insight from me today. $2M in one hit is not small money, but they still need a heck of a lot more.
Emperor must be feeling a tad nervous - they could be facing some financial distress if Tuvatu sale does not go through. DRD would not be happy either - they would end up with a mortage over a Fijian exploration project that nobody can manage to buy, so they won't get their $ back. DRD and Emperor really, really need AMG to raise the cash.
At the very worst, AMG won't conclude the deal and management will have egg on faces, but that's only cosmetic damage, not financial damage. The shareprice may well decline to 15c or less for a couple of months, but life will go on and Vanuatu will come to the fore as a serious exploration project, and we should expect to see some modest shareprice activity again.
I don't like having funds tied up in inactive comapanies, but I feel happier having $ in AMG than $ in RTM or YAM.
R/happy
AMG Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
