re: Ann: Chairman's Address to Shareholde... Bitzer,You imply...

re: Ann: Chairman's Address to Shareholde... Bitzer,
You imply that the share price doesn't reflect the 'true value' of the assets.

In the absence of any dividends the only number of any use to the shareholder is the price at which the shares can be sold at the time they want to sell. The AMU share price hasn't, doesn't and won't reflect the value of the assets.

This is because cash flow is used to drill more holes and pay staff with no benefit flowing to shareholders.

The 'true value'is of interest to staff because it represents the ability of the company to keep paying their wages.

'True Value' which doesn't show up in the share price is of no use to me.
Bacci