its a bit of a chicken and the egg style dilemma imo seems to be widely accepted that debt (or perception of debt, ratio really isnt that high) is holding back sp, repayment of debt via operating cashflow stifles organic growth via drilling. Feels to me like the company may be willing to take some short term pain in order to achieve a 'circuit breaker' on the debt issue. Some sort of catalyst is required.
As you rightly point out there is a fine balance to be found in the exploration program also but at the end of the day i think that what the market wants to see is twofold; a reduction of debt and growth cant have growth without drilling or acquisition i think if drilling concentrates largely on low/medium risk targets then AMU will avoid the risk of doing large sums of money on expensive dry holes. Remembering tho that AMU has a very good record with the drill and highly prospective acreage to drill.
With regards the bots etc ... i suppose it would depend on whether bots were buying or selling and how much volume they created, i got the impression it wasnt very much that could be attributed to the bots. I would suspect that the cap raising could be somewhere around the 30c mark as a discount is the norm these days
Lets not forget that the guys making these decisions are the ones with the most to win/lose
AMU Price at posting:
33.0¢ Sentiment: Buy Disclosure: Held
