AMU amadeus energy limited

new farm in agreement, page-14

  1. 630 Posts.
    gday Oz
    Yes, certainly seems that sellers are still out there, although by no means a rush for the exits. I dont see it as a reflection of AMU as a business more a case of simple deleveraging by overextended s/h who have lost their appetite for risk.
    We are fortunate that the buyback is in place atm to absorb this and as a bonus the Co is buying its own stock at a bargain (especially when you take into account the excellent exchange rate that AMU is enjoying as it repatriates US$ to fund buyback) which in the long run will benefit all who hold.
    I also have been going over the AGM presentations, the next couple of quarters are going to have a huge impact on the future of this Co. Plenty of newsflow ahead and some very exciting targets to be drilled.
 
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