This could be old news for some, but the Jan issue of shares mag predicts AYO to go from 65 cents to $1.00 with a prospective PE of 8.8 in 2003 and 6.1 in 2004.
AYO has got the solid earnings from its gas project in Turkey combined with the possible "spark" ( for want of better word) , of further exploration projects that have no been factored in.
As the mag says " With so many positives, it is hard to fathom investor disinterest in Amity". Boardroom problems have been the main stumbling block, but these seem to be overcome.
Also worth looking at the trading patterns through the day lately. Some very large buys going through, sellers thin and smaller parcels, share price trickling up.
Worth a lok.
AYO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
