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AMG Acquisition Corp V.AMG


Primary Symbol: V.AMG.P

AMG Acquisition Corp. is a Canada-based capital pool company (CPC). The Company's principal business is the identification, evaluation and acquisition of assets or businesses with a view to complete a qualifying transaction. The Company has not commenced commercial operations.


TSXV:AMG.P - Post by User

Bullboard Posts
Comment by blue_seaon Dec 03, 2010 12:27pm
478 Views
Post# 17796367

RE: RE: RE: no question -> AMG is ready for the ra

RE: RE: RE: no question -> AMG is ready for the raGenerally speaking ;) the market would jump in when the rallye would start, but especially this time of year one could assume it.

With both large deposits, copper at Pinaya and gold at the Yukon property AMG is well undervalued at these level when one factors the 1:4 rollback into the calculation.

Pinaya is a good copper deposit & at the time before the rollback it was only the bad management which is the cause of the breakdown of this prospective stock. Oh, not to forget the money making of Canaccord at the wrong time for AMG. The management has made a series of bad decisions so this stock came to this crazy valuation where they've decided for much delution to save the survive of Acero-Martin.

That is past -> but Pinaya is still there & there is Red Mountain -> so 0.60 to 0.70 is still a cheap valuation for this stock. Doesn't matter if there is silence until spring -> usual in this business.
Bullboard Posts