TSXV:AMG.P - Post by User
Comment by
blue_seaon Dec 03, 2010 12:27pm
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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.