Traderfan,
I was obviously mistaken when I believed that AMY was a buy at .30/share. As you know, the PFS came out with much poorer numbers than anticipated and AMY was forced to use trailing prices for manganese market value. Investors are also losing patience with the lack of a JV deal or offtake agreement. I could not have forseen these events when AMY was .30/share. However, none of that changes the fact that AMY has the rights to the premier property in the US containing massivie amounts of manganese!! In addition AMY has a patented pending technology which will allow them to extract and process this manganese in a cost efficient and environmentally friendly manner! To me, the current price of manganese means much less than where the price of manganese is heading for years to come!! As I have stated before, the US is dependent on China to provide them manganese. The US military must have manganese to continue to defend our country!! China is not a reliable source and the US would love to be able to have a domestic source for it's manganese needs!! In addition, AMY has produced button batteries and in my opinion, will be able to produce these batteries well below their cost. Also, these batteries will be nearly free of impurities!In summary, I was wrong in recommending investors or potential investors to buy AMY at .30/share all the way down to .04/share. However, those who do their own DD will most likely agree with me and continue to average down and ultimately make money on AMY!!! You can contine to bash me and AMY but that will not change my mind set or where AMY is ultimatly heading (up!!!). If AMY happens to head to .01/share, I will but at least 1,600,000 more shares!!! That would be an incredible opportunity!!! I certaintly did not initially buy at the low but will sell someday at much higher levels!! GLTA Longs!!!
