AMU 0.00% 21.0¢ amadeus energy limited

another 2 weeks, page-6

  1. 843 Posts.
    lightbulb Created with Sketch. 28
    Delays are always disappointing, although I think total farce is a bit strong. I've invested in companies that have ended up as what I would call total farces, and this isn't one of them. Not by a long shot.

    And Gresley, yes, the lack of disclosure is probably the most frustrating bit. I mean, the shares are suspended after all, so I'm not sure a bit more detail to shareholders about what exactly is going on and being considered would be out of order.

    You'd have to hope that the board have good reason to keep things under wraps for now. And if it IS just a matter of another couple of weeks, I'm not sure it makes that much difference in the big picture of AMU. I'd rather they take the time to try to get this right than feel they have to rush and jump to what might be the wrong decision.

    Georgie, Schwing was a disappointment, but I'm not sure it was the main reason for the trading halt. And the lows were actually in May at 17.5c, and it was a seven-year low, but I take your point.

    Where I would disagree, again, is with your ability to predict the future. It is patently ridiculous to state the share price in AMU is going nowhere but down as though this is some unassailable fact.

    The share price hasn't been in one continuous decline. It was actually trending up before the boardroom stoush that saw the end of Peacock and brought Beard onto the board, if I recall correctly. It's been downhill since then, but the company has actually improved a lot of things in that time. I've asked you to voice an opinion on what you think is fundamentally wrong with the company outside the well-detailed management issues but you keep coming up empty on that front. I'm about ready to put you on ignore, as you don't seem to have any real, worthwhile debate to offer.
 
watchlist Created with Sketch. Add AMU (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.