Now what you need to know is who owned all those so called mining companies that they bought the land and rights from.Why would you pay all that money and then write them off as a loss. They gave up thousands of acres in Nevada and kept only 600 acres. Sounds like a shell game to me.Who has the thousands of Nevada acres that they gave up and who has the acres that they wrote off. Why spend millions and then dump it.Find out where the money went and you will know why this company is playing games. They didn't buy the acres with their money,it was yours and mine,so they didn't lose anything.Find out where the 7 million went and soon you will understand what this company has been doing.
So what's your theory? Everything you wrote sounds interesting but is it verified? I am very long with AMEL and won't sell anytime soon in hopes it can get up to at least .25 in the next year or so with good news. In reality I am hoping it will some day head north of $1.00 again as it did years ago on speculative news of a Ford buyout.
Either AMEL has something up their sleeve that will rock our world in a good way (which I still think leaving shareholders in the dark is bad) or the management at AMEL are idiots. To have all that land in perfectly strategic locations and not to do a PR campaign to capitalize on Tesla's PR makes no sense at all. Even if AMEL where crooks they would be trying to make as much money as possible by leveraging Tesla.
That's why for some reason which I don't have facts to back up I am hoping they are much smarter than that and when AMEL does speak out it will be huge news that makes the stock skyrocket and all the shareholders that sold out will be very bummed they didn't hang in there.
I may just be naive but with lots of skin in the game with many millions of shares I would rather loose it all than not be around if it goes huge. Worth the gamble.
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