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Would be excellent if this pushed on past 14p. obviously the AMA SP is linked to the Perseus SP but John McGloin did say he'd be surprised if a counter offer didn't come along. Fingers crossed for ideal scenario of counter offer followed by bidding war.

I'm fairly new to FEVR - do you think with £6 out of the way this could push on to £7? From what I can tell the price drop from £7 last time was more down to blackrock selling than anything else.

Unless a counter offer comes along from another interested party, AMA's price should move in tandem with Perseus. But...if the Perseus share price moves above the warrant strike price of A$0.44 then am I right in thinking the AMA share price should move exponentially higher?

Amara Mining (LON:AMA) 10.3 pence, Mkt Cap £43.1m – Yaoure pre-feasibility study shows new value • Amara Mining have released details of their optimised Yaoure gold project in the Ivory Coast (Côte d'Ivoire). The new pre-feasibility gives: 38% IRR at US$1,200/oz gold - US$555m NPV @ 8% discount 25% IRR at US$1,000/oz gold - NPV US$281m Production 248,000ozpa in years 1-5. Av 203,000ozpa over 15 years Av grade 1.62g/t Capex US$334m, inc US$44m and US$60m for the mining fleet. Use of a contractor could save on this capex Cash cost US$618/oz AISCost US$667/oz Payback 2.1 years due to early focus on higher grade CMA zone which contains 72% of the Yaoure's Proven reserve Total Open pit resource 3.2moz Optimised PFS confirms Yaoure is a compelling gold development project in the current capital constrained market environment Reworking the project with a smaller 4.5mt plant and better grade control gives lower initial capital costs, better feed grades and better returns at conservative gold prices. Amara are preparing the ground for a Bankable Feasibility Study based on the smaller and more focussed mine plan Conclusion: Shareholders should be impressed by the reworking of the Yaoure project which indicates the project should be financeable at current gold prices.

Harry can you post the text please? The link doesn't work

3m oz at $1000. That's $3bn in revenue. Yes, AMA needs funding and production is someway down the line, but the market cap is only £40m! Is this ridiculously undervalued or am i being stupid and have missed something?

True true. Would be good if a catalyst finally got this going. This has been hovering around 7.5 - 8 for a while, good to see it move up

Any ideas why this has decided to break out over the last two trading sessions? (other than fact it hasn't responded yet to recent price of gold increase, is undervalued, etc etc)

why this has fallen today? Surely a good opportunity to top up

We've had 2 positive RNS's in the space of 2 days. I agree with you

Anyone think this will keep steaming ahead after Q2 results? I bought at 270 and sold at 470. The drops in the past have been huge and didn't want to lose a big profit. But happily buy back in if there's good sustained reason to ?