AMU has $20.3 m cash in the bank and now recieving better gas prices according to half year report end Dec.2011
$6.25 MCF 2011
$4.25 MCF 2010
Watching Foreign Correspondant last night on ABC they had a special report on 'Meet the Frackers' on the Oil & Gas Industry in the US and how it is going Gang Busters at the moment.
The SP of a number of Australian companies now operating in the US as part of this boom have headed north but AMU has yet to move much.
It has been consolidating for a while now and needs to break out of the price channel , a break of 0.23 would be a positive step.
$20 mil cashed up oiler
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