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stills999

09/21/11 10:39 AM

#1791 RE: Chesterfield #1790

For what it's worth, the decline has been quite low-volume so I don't think this is insiders dumping ... thus could be wise entry point.
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value1008

09/21/11 10:39 AM

#1792 RE: Chesterfield #1790

Congrats on getting some shares at such low prices, Chesterfield. The not-yet-producing microcap junior commodity miners have almost all taken it on the chin since the market lost all confidence in Aug-Sep and the VIX shot through the roof..... Microcap oil, uranium, lithium, tungsten, copper and other plays, including our "one of a kind" Mn/EMM play AMY are right now simply being boycotted by Big Money, it seems, because the "risk trade is OFF." And so AMY's s/p wallows, settling lower with all that cheap paper (warrants, and shares bought last year for cheap around $0.18-0.25) being cashed in for guaranteed profits.

Technicals have been broken for a while as the strongly rising 200 dma surpassed the wallowing s/p and that has created a "death cross" chart formation with the falling 50dma and 100dma. There are lots and lots of death crosses on charts for these junior miners, AMY's not alone.

IMO Bernanke will find a way to soothe the markets and the seasonal buying of commodities (starting with the PMs) will resume this Fall with India's jewelry-buying season. The return of money to the junior and bigger commodity sector should alone pop AMY back up for at least a 50% gain from here (back to 0.70s) and then, as we all know, there's a TON of good-news catalysts coming this Fall for the company.

Very tough ride down here, but FAR better days ahead for those with patience.... I, for one, don't want to be on the sidelines when good news is released. Just wish i had more dry powder. These prices are a buyer's dream and far more buyers will come pouring in when s/p finds a new bottom, which might be right around here....
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Fi

09/21/11 11:01 AM

#1794 RE: Chesterfield #1790

I just hit the bid at $0.44. Low volume, seems like everyone is getting out of the exploration/juniors. May go lower, but the price seems very good to me.