AMU amadeus energy limited

G'day MJS and RD et al. I am very new to this one. I have been...

  1. 1,372 Posts.
    G'day MJS and RD et al. I am very new to this one. I have been having a little look at AMU. Morgans do cover and rate as BUY. Lots of upside in production forecasted. They seem to have some debt, I forget how much I read but it seemed a lot. Any inside running on this one. Chart shows a down ward trend for the highs and lows and it is currently at low point on the trend line. There seems good support at around 55c and traded on large vol on Friday. A lot of holders jumping off? OPES P? A turn-around point perhaps? The down trend of highs seems to put a ceiling on it recently. It must break this trend line at some stage if its potential is to be realized.
 
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Currently unlisted public company.

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