AMU amadeus energy limited

Ann: Trading Halt , page-16

  1. 9,035 Posts.
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    Yes, but the result of the sr as i remember it was the recommendation to continue with the buy back. Quite the opposite to raisng cash to pay down debt. Your right though, paying down debt from cash flow will take them forever to get anywhere. This is a means to and end but faster.Using cash flow for lifting exploration and ultimately costs I'm not so sure of. Especially in the high risk categories. Dilution to pay down debt and bigger spend would to me seem like treading water. Pay down the debt, keep exploration low or concentrate on low risk and wait out the pog slump. Get support behind the sp, wait for gas correction and then up exploration.
 
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