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Traderfan

08/25/14 11:20 AM

#162737 RE: micham2012 #162735

AMMX, I think it's perfectly valid to post about it both positive or negative despite that you have no position right now. In order to discuss a stock you don't need to own it.

That said I don't really agree with you on the topic. In that july30th PR they clearly said:

"We have received the two banks' commitment letters and the next step is for the banks to prepare and submit their bank guarantees to the lender. We do not anticipate it taking a long period of time but we do not control the speed at which these documents will be drawn up, translated and submitted"


And I know that all the guys on the AMMX board have already waited for the definitive signing for weeks because in the beginning of july there was a PR which said it's basically very close. Then on august 14th suddenly the delay instead of the signing which everyone expected. A day later the sell off started. IMO this is not an earnings play for now, this is all about the huge Niger deal IMO.