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Gold/Mining/Energy : AMP.C Asia Minerals - About to take off:
AMP 490.34-0.9%Dec 31 3:59 PM EST
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To: Peter Neidhardt who wrote (103)2/20/1998 2:06:00 PM
From: Pete Mimmack  Read Replies (1) of 135
 
They still have about $2 million in the bank, and with about 20 mil shares, that puts book value at about .10 per share. IR told me that management will want to move aggressively to get another project going, certainly this year and hopefully by summer. I know Michael Schaefer has said mgmt is excellent, tho' he no longer recommends AMP due to the risks involved in starting over. But good mgmt and money can buy you a lot in this market, as depressed prices mean they may be able to pick up something very cheaply.
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