AMMX:
Perhaps you are right.
But the company put out a "Niger Update" on July 30th, which addressed the delays. Nothing sounded imminent in that PR. and the stock moved sideways. I think that most shareholders were expecting to see revenue figures by August 15th, and the failure of the company to report timely confirmed the obvious -- that the numbers would be bad. Does anyone really believe at this point that the Company has reliable knowledge about the likelihood and/or timing of this Niger deal? And by now, what difference does a 6-8 week delay make?
In any event, for those skeptical of the Niger deal, the "core business" of the company provided comfort -- a kind of hedge against the inherent uncertainty of a Niger/China truck deal. The core business (i.e., actual contracts) seemed to be growing at a brisk pace during the second half of 2013 and the first quarter of 2014, and could probably support a $.04 - $.05 share price without reference to the Niger deal. I just think that year over year revenue comparisons with this company are somewhat misleading, and that it is helpful to look at sequential numbers.
I used to own over 1 million shares, but I got out when the steady flow of PRs announcing new contracts began to peter out. As I no longer have skin in this game, maybe I should not post about it. But I continue to watch, and thought posters on this board should have the full story.
