Glad to hear Larry neglected to speak about a certain group of traders today. Had he done so and claimed it was all them taking the share price down, well, I'd be telling him that he is wrong as I was happy to sell a chunk in the mid-$0.80's yesterday. This doesn't mean that I now am empty, it just means that my recovered cash can be better invested elsewhere right now for the next season or two.
My concerns are with the fact that neither the demonstration or commercial plant is constructed, and thus has not yet undergone any of the rigorous testing required prior to commercial recovery purposes.. Why is this a concern? As I have indicated before, a few years back I was invested in Orbite Alumina who were going for 5N purity on alumina recovery. Unfortunately that company resided in Quebec, had questionable management, and when designing the plant they uncovered a $30M calcinator needed to be replaced. The company essentially borrowed from both the Federal and Quebec Gov'ts, and also diluted the shareholders right down to the dirt.
IMO Larry is jumping for joy that AMI has received this $20M funding. Thing is, when I sold to recover my initial investment capital a half-year back around $1.60 & $1.00, Larry was nervous about me selling any more. He wanted me keeping my paper in the market and not using my investment capital anywhere else. This makes me mad! Larry doesn't understand that this is my money, and other public investments will also appreciate it (take it up!!). To turn around and eventually dilute us Long-Term shareholders right down, let us all feel that both the plant construction and testing phases will still take another year or two, just doesn't sit well with me. So my plan now is to hopefully take yesterday's recovered $15k and use it elsewhere for the time being. If AMI does rebound before I can repurchase, then so be it. I will still have some AMI paper in the account for any rebound, and I can at least feel pretty comfortable using this $15k elsewhere.