Ben, just to add to JWT, although this is not an IPO it's similar in that the new management are recapping the company and starting from scratch i.e. using AOM as a listed shell. Why invest in tiny, high risk start-up companies ? 1) people 2) assets 3) prospects:
1) People - v. experienced professionals, on paper at least; Colin Goodall ex head of BP-Russia and Dana petroleum, David Bamford also very senior BP, Neil Young (ex-Santos) etc. i.e. these are not chancers 2) Assets - aiming to complete these aquisitions in Kazakhstan to generate cash flow, plus CSG in Mongolia and elsewhere lots of other ideas 3) Prospects - who knows. They also brought in Alexander Downer to open doors on the basis that he should have the right connections - suggests they are approaching it intelligently
Overall has a better pedigree that most. what happens tomorrow nobody knows, but important to give it some time. Best of luck
AOM Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held