How to buy Ashby Mining (AMG) Shares

Want to start buying AMG shares but not sure how? Follow the steps below to invest in Ashby Mining on the ASX.

1. Find an investment platform

To buy shares listed in Australia, you'll need to sign up with an investment platform that has access to the ASX. There are a number of share trading platforms in Australia, of which Stake is one.

2. Fund your account

Complete an application with your personal and financial details. Fund your brokerage account with a bank transfer, debit card or even Apple/Google pay.

3. Search for Ashby Mining ($AMG)

Find the share by company name or ticker symbol: $AMG. Do your own research to ensure it is the right investment product for your own circumstances.

4. Choose an order type and buy AMG stock

Buy on any trading day with a market order or use a limit order to delay your purchase of AMG shares until it reaches your desired stock price. Look into dollar cost averaging to spread out your risk, which smooths out buying at consistent intervals.

5. Monitor your investment

Optimise your portfolio by tracking how your stock and the business perform with an eye on the long term. You may be eligible for dividends and shareholder voting rights that affect your stock.

Ashby Mining overview

Ashby Mining is investigating the potential to restart gold production in Northern Queensland’s Charters Towers region. At its peak between 1872 and 1917, the area produced 6.6 million ounces of gold. 

The team’s building a pipeline of projects in the area. Their most advanced prospect is the Far Fanning Open Pit, where a gold mine previously operated between the 1980s to early 2000s. Ashby’s currently trying to determine how much metal is left at the site and working on plans to resume operations. 

The firm’s looking at several other projects with historical drilling, operations or proven gold resources nearby. They’re currently evaluating the possibility of reopening the historical Hadleigh Castle Gold Mine. A potential expansion project at the former Blackjack / John Bull mine has also been identified. 

Ashby aims to produce 40k to 60k ounces of gold annually for at least five years. In the longer term they also intend to search for new gold deposits on their other landholdings. It’s a relatively complex business strategy that covers multiple aspects of the mining operations lifecycle and could be difficult to successfully carry out. 

The company also owns an existing processing plant just outside the town of Charters Towers. By separating commercially valuable minerals from general mined material themselves, Ashby could increase their margins. It’s already permitted and was last operated in 2020. 

Ashby Mining (AMG) IPO details

Ashby Mining has filed its prospectus with the Australian Securities and Investments Commission (ASIC) in order to be listed on the ASX using the ticker symbol AMG. Read more in the Ashby Mining prospectus, first supplementary prospectus and second supplementary prospectus.

You can take a look at the top shareholders in AMG, find them here.

If you're considering investing in Ashby Mining or other upcoming IPOs, sign up today.

This article focuses on how to buy specific securities, however, it is not a recommendation to invest in them and should not be taken as financial advice. Do your own research and make your own decisions, or even consider getting advice from a licensed financial adviser before investing.

Megan Stals

Market Analyst

Megan is a markets analyst at Stake, with 7 years of experience in the world of investing and a Master’s degree in Business and Economics from The University of Sydney Business School. Megan has extensive knowledge of the UK markets, working as an analyst at ARCH Emerging Markets - a UK investment advisory platform focused on private equity. Previously she also worked as an analyst at Australian robo advisor Stockspot, where she researched ASX listed equities and helped construct the company's portfolios.