By ShareProphets | Saturday 9 August 2014
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Shares in Amara Mining (AMA) dipped last week to 20.875p on the back of announcements that its Kalsaka/Sega gold mine is to be put into early liquidation and that “as a consequence of the company's transition from producer to developer status, Peter Spivey has resigned from his position as CEO”. There is also a drilling update from the company's Yaoure project which serves to "further underline the potential to expand its 6.3 million ounce resource base“. View this as a buying opportunity.
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