FREE ESSAY ON AMX RESOURCES

AMX RESOURCES

AMX Resources:
Share Prices and Company Details
Company Details
Directors
ID Love ( Director, Non-executive Dir. )
MJ Palmer ( Chairman, Director, Non-executive Dir. )
W Loxton ( Managing Director )
C Ansell ( Non-executive Dir. )
B Camarri ( Non-executive Dir. ) 
With the $30,000 I had to invest I bought 37980 shares in the company at $0.79. Then I
waited and hoped that they would go up.
When the shares reached the price of $1.24 I sold them. One reason for this was that on
observing the stock exchange and some of the stocks that rise rapidly is that after a
while the stocks drop because everybody wants to sell them before other people do and the
price drops. The day after I sold the shares in AMX Resources the price dropped $0.14 to
$1.10. After that it dropped steadily to $0.98. When it reached this point I thought I
might buy them again but I didn??t and the price didn??t rise until after our trading
time had finished.
Reasons I chose to buy the shares
"h Will Becker gave me a tip. (A big reason as I don??t have much idea on the stock
exchange)
"h I looked into the company and there was a bit of movement going on and so I thought it
might go up.
"h I didn??t have anything else to invest in.
"h It was a mining share and so prone to extremely big changes.
AMX Resources is a company mainly involved in the gold exploration sector. The company
has been around for a while and so I thought it would be a good buy. Another thing I
looked at whilst looking for a share to buy was the year high and the year low.
I suppose in a way I was lucky that someone in our group was pretty involved in the stock
exchange. I was also lucky that the stock went up and didn??t crash. There is not much
control over the stock market and so any money that is won is either a lot of good luck
or a bit and some good management. 
With this share I started with $30,000. 
After I sold them I had $47,095.