re: Ann: Daily share buy-back notice - Append... Interesting how...

re: Ann: Daily share buy-back notice - Append... Interesting how the market is pricing AMU to essentially waste every dollar cash they have in the bank.

Also interesting that, including their $40M bank facility, they could pay a capital return equal to the SP and likely still have the market value them at 5 to 10 cents or so (including a "not happy with management" discount).

The only difference being they'd then need to actually budget to pay interest and amortisation.

Goes to show how lowly the market rates things.

MJS