Club Mulgoa

Wednesday, May 30, 2012

AMX

http://www.asx.com.au/asxpdf/20120530/pdf/426ks5wmbpzdtl.pdf

When you read a presentation like that, you wonder why idiots are selling.  Of course, in the short term you rely on other idiots to sell lower and then buy the shares back.  However, in the long term, there is just no logic.

Because I have to save some cash, I am not topping up anymore.  However, if there is good gold stock to consider, this is an excellent stock with an EV/ozAu at under USD65/oz and more expected to be uncovered.  Its JORC resource is at around 3 million oz!

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