Post by
NineLives on Jun 07, 2024 4:32pm
Very strong volume
7.4 million shares traded, very good. Allowed some to hoover up AMK while letting those who have seen this stock stuck in a rut head for the exit. It always creates a dilema for long term shareholders when a stock they own (for a long time) makes a sizeable move but the best stratergy is usually to sell half and hold the rest. (Assuming you've made close to a double).
Personally I've never held a meaningful position in AMK until today but did take a large position in the last hours of trading.
As always when a stock is on a buyout list the crazies appear out of the woodwork working for (who the hell knows). But as someone mentioned earlier today you could smell their desperation. In fact the higher AMK went then the more vocal they got. Seen this before so many times, but must admit the posts are amusing but always click bait. Boiler room workers with more time on their hands than a normal investor
We'll see how this goes but if the company is activley buying AMK on the open market they're certainly making a dent in the shares outstanding.
Time as always will tell but at 12 cents AMK was certainly undervalued as are many in the PM's sector. Gold tumbling almost $100 an oz from it's overnight high certianly played into the hands of the sellers.
The drill results when they arrive will be well looked at.
Comment by
FredZarfloon on Jun 07, 2024 6:28pm
Have to agree, Larry - this Cunningham deal appears to be questionable. Google searches show that the principals have left a long trail of legal wranglings. Who knows? Maybe AMK had to light a fire under it's shares, scare out some serious bids while Cunningham keeps its eye on the $6,286,125 termination fee. GLTA