UK 17:47 Monday, 26 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
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.
Amara Mining (AMA) has announced further encouraging drilling results from its Yaoure project in Côte d'Ivoire. Most AIM casino listed gold miners are a total waste of space, Amara is a rare quality play.
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Comments
Duck and Dive
But gold is currently under $1220 and could easily fall below $1200 this year. Next year and thereafter, rising interest rates should see it fall further surely.
Amara may have a good asset but who knows when it will be able to profitably mine it?
Got to hand it to Algy, getting out near the top.
paul
Agree totally. Although what about Ariana Tom? This was one of your recommendations @ 0.85p up to 1.25p, do you not still fancy that stock? (currently 0.80p) Not in the same league as Amara, but still good at today’s silly prices, especially if gold moves north.
Took a position with Amara a couple of years ago. unfortunately, I came in when the gold price/share price was stronger than it is now. Amara was trading above 50p just a couple of years ago!!
So convinced of the long term here, I came back in when the price bottomed at 11p, This has all the makings of a great success story. If the gold price moves, this share will rocket. There is also a possibility that a big player will buy it out, for multiples of today’s share price. I would still be a buyer of this stock up to 25p.
David Atherton
I got out at 24p. Will only return when gold turns