AMU amadeus energy limited

$aud now $1.058 usa - must be good for eden, page-18

  1. 7,675 Posts.
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    Keygeo

    Clearly the $A/$US is the key to finance approval for this takeover. What the $US does between now and then is anyones guess.
    I take issue with your last paragraph...
    "having said all this - with all the turmoil going on in the markets at the moment anything is possible. eden may at this point even be looking for an excuse to get out regardless."

    IMO Why would Eden be looking to get out based on market volatility ? If the takeover proceeds AMU will cease to be a listed entity and will continue to profitably produce oil and gas for decades to come. Surely s/t volatility does not enter into the equation when you are taking a longterm view on the value of these assets.

 
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