AMU amadeus energy limited

fall back due, page-11

  1. 6,951 Posts.
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    re: fall gathering speed for b2 splain, I forgot also to mention that If they progress this Bio OIl idea , which I do not like myself as it is not the same as a proper oil company and it may make profits but then again it may make losses , who knows, They will need more cash to get that going as although they may have partners the project will need capital .So this is an additional reason why they may have to carry out a rights issue as what is the point in using cash which may have been earmarked for the 'Real Oil business ' and risking running low.
    This Bio diesel prject is an additional worry.
    As I mentioned in my prior comments I look for movements and the deteriations I have mentioned are facts freely available for anybody to read from their recent announcement and it is good that this information is available so that everybody can see the and adverse movements realise the possible significance of them.
    Best wishes
    B2
 
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