I just noticed another Shaw report on the AMU website www.amadeusenergy.com It was put out on 12 Feb and has a current value of 47 cents, rising to 80 cents as the first two biodiesel plants come online. Not much value is included for the current drillings in the US, some of which should be successful.
Report is good reading, and goes into a lot of detail about projections for the biodiesel plant, profit it should generate, and the like. I found it interesting how the increase in the excise in the future has a massive impact on plant profit.
There's also the Quentin Cameron's Oil & Gas Bulletin for Feb that reckons the asset backing (fully diluted) is over $1.00 per share. This seems pretty agressive to me, but maybe they believe there will be success in their 2004 drillings and are taking this into account.
www.amadeusenergy.com if this is of interest.
Cheers ... MJS
AMU Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
