AMX - Ampella - African gold play

[Tech Step]

Is anyone following AMX?

I have a small holding and like the story.

I believe that they have an 80km long zone wich they are exploring with the possibility of multimillion ounce reserves.

Recently the directors underwrote ~2million share placement @ 6c. After this the SP rockted to 17-19c where Insto and Pro investors jumped on at 17c to increase the drilling budget after hitting a shear zone at 200m

Now the SP is at 33c with increasing volume.

The chart looks good IMHO.

[Ptolemy]

I also like the story but haven't bought in yet. I would rather wait until they have proved up resources. I know the returns will be lower but am a little gun shy of speccies at the moment. For those with a high risk tolerance this could be a multi-bagger.

I recently bought BCD instead - profitable, good reserves, low cash costs. Should pay a divi next year.

I may put a small amount into Ampella from my betting money though if it dips back below 30c.

[Tech Step]

Well here we go IMHO.

Instos on for 4mil at 30c

The results due in two weeks.

Last chance to catch the AMX train.

[Tech Step]

did anyone jump on?

[Ptolemy]

Bit gutted the SPP only applies to Australian residents.

[Huang Chung]

If you want a chuckle, read the first paragraph on the third page of today's ASX release.

http://stocknessmonster.com/news-item?S=AMX&E=ASX&N=531139

Thanks to Maligold over on HC for picking this little gem up.....

[trackers]

Haha thats awesome....