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AMX 19.0¢

Ann: AMPELLA PRESENTATION AT MINES AND MONEY HONG

  1. ASX News

    91,412 posts.
    • Release Date: 21/03/12 17:05
    • Summary: AMPELLA PRESENTATION AT MINES AND MONEY HONG KONG
    • Price Sensitive: No
    • Download Document
  2. re: Ann: AMPELLA PRESENTATION AT MINES AND MO...

    This is funny..in the presentation slides, AMX estimated its market cap to be $313M at $1.30. When was the last time AMX was trading at $1.30??! Is this a sign of what's to come...or am I just reading too much into it? =)

  3. re: Ann: AMPELLA PRESENTATION AT MINES AND MO...

    LightForce,

    As recently as 9th March, I sold some that day at $1.29, had been nearer to $1.40 during February this year. How quickly things change!.They had been MUCH HIGHER during the past year. The sharp drop took place at the time they missed the deadline with their half yearly report which is now due before the end of the month.

    The $61 million they have in cash (assuming without the SPP funds) is possibly the reason they have not been pushing out the news to encourage shareholders to take up their SPP entitlements.

    The presentation was informative, lets hope the half yearly report is as well put together.

  4. re: Ann: AMPELLA PRESENTATION AT MINES AND MO...

    If they are really desperate for money from retail shareholders, they would have to push the price up above $1.30 in order for it to be an attractive offering. Why bother taking up the offering when you can buy off the market at a decent discount?

    Hence I don't think they are that desperate for retail money yay?

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