Member Info for andrewgoodman

Still a long way to go but i am pleased with the way this company is managing its recovery. It may be a while before 550 is reached. But a good end of year report and we could be there before the end of 2015!! Tom may be happy again. I am glad i stuck with them.

Not knowledgeable but thoughtful Good assets that are improving. Good BOD that is strengthening. QE easing. The East is rising. AMA stronger / sounder and no longer knee jerking (every time) to the tune of the gold price. May be more than £1 by the end of 2015? Whatever it will be significantly more than it is now. Gosh I sound like a ramper!

Hi Jdubya, like a lot of people I am holding at a considerable loss. I did not take up the rights offer just before the close of business (literally) although some did and in many ways got a double burn. I agree this share has got to be held for the long term but there are some goings on with the board. I am not as confident that they will learn. I suspect some are seeing this as a gift that keeps giving. Watch out for the consolidation I have been informed 765 current shares will equal 1 new share. Then of course, the company will start to issue more shares to boost its books. So yes, it has to be a very long term hold for me. Maybe my children's children will benefit!

Don't know why or how but yesterday Friday 23rd May ESTL were showing at £2.60 per share. This was confirmed by HSBC share dealing site you where they identify the 52 week high and lows. Today of course it is as ever, worth less than a peanut. Is this an omen for the future!!!! Should we do what many have done just stick in there and wait, in the hope that ... Good luck all. Hope the omens are right!

Agree. It is interesting times to be in gold. The final resting place for the spot price is anyone's guess but as the west moves into fuller recovery the downward pressure will ease and those who bought bullion will I am sure (just my opinion) by in a very fortunate position. There has been a trend over the last few years, that I am aware of, of people buying gold as a pension rather than investing in bank products. If this is, or becomes more widespread, I am not sure it is yet, then upward pressure will act as a countermeasure to any government fiscal pressure that continues to be put. Ama will obviously benefit from global price rises but the true value will come as costs of production go down. Pompeyboy is right. messages from the board are a key element. Remember buy when you see blood (paraphrasing) perhaps Ama could be seen as bleeding right now. It wont be for too long. Costs are coming down, value is going up. Of course I could be completely wrong! GLA

Completely agree with pompeyboy - the basics are good. We know there is downward pressure on gold from America and allies and there is an increasing demand in the east. Over the next few months and even years these east and west polar points will continue to sway, Other global political and social pressures can and do trigger gold values to rise and we are going through one of those now hence the gold prices recently. Ama are still cutting production costs and exploring new avenues. It is these in the end that will show us a real return on our investments. Personally I reiterate thoughts earlier in the year. I see us generally trending between around 14 - 16 with real improvement probably over the next 18+ months (I do hope I am wrong and boom happens a lot quicker, but I am in no doubt it will come!!) GLA

I believe when Peter Hain was much younger he was quite involved in African politics particularly South Africa. Perhaps Peter will open doors? Of course my memory could be shot and wildly of target!! I think Ama is likely to bubble between 11 and 16 as costs come down and gold fluctuates but trends downward. However as soon as there is unrest, an interest in gold or a buyer (check ABG) then 100% rise could be on the cards in 2014 or more likely 2015. GLA

Thanks Sharemonitor The article is certainly interesting and encouraging. It is a shame the UK does not have the same long term fiscal planning. Its as if we are reliving the very early 1900's financial diligence which proved to be a nightmare. On the article. I can see ABG share prices have held up during the recent drops in gold prices. There cost cutting is being effective and their share prices appear to have some built in resistance to the vagaries of the market. Indeed ABG are 70% up on 6 months ago and I hope will only continue to rise having found a new base level. AMA on the other hand since the business of moving of the Canadian exchange appear to preempt any dip in the gold market and are very reluctant to rise when gold prices rise. It looks to me like AMA have more restructuring to do before they rise again (of course I could be completely of track here). I think you are right Gold is the place to be but with AMA it might be for a longer term (I so hope I am wrong!!) GLA

Hi been looking at this company for a few weeks now. I have not bought in as I still have questions, although it looks promissing. Seen a lot about the technology without seeing the technology and understanding how it is going to make an impact. If Guzbod is still out there are you still in? would like your views on this company if you would not mind giving it