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Business Description: Ampella Mining Limited (AMX) is a mineral exploration and development company with a specific interest in gold in Burkina Faso, West Africa.
Strategy Analysis: AMX aims to become a gold producer after exploration of its assets in Burkina Faso.
Ampella Mining reported negative cash flow of $6.87m for quarter ended 30 September 2011. Operating cash flow for the period was $(6.64m). Payments for exploration and evaluation were $(6.12m). Investing cash flow was $(337,000). Financing cash flow was $108,000. Cash in hand at the end of the quarter was $27.73m.
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The Age 6/02/2012 | AUSTRALIA has a reputation for embracing technological developments quickly. We had a record take-up of VHS, DVD and widescreen television, and it is widely claimed that the Land of Oz has more home theatres per head of population than anywhere else in the world.
Sun Herald 5/02/2012 | INVESTORS cheered during the week, perhaps convinced that the latest rearrangement of deckchairs on the good ship euro will do the trick and right the heavily listing vessel.
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