First one is 30c. There's too many fundamental things being ticked off to sell out, so while 30c is quite a premium on the 10c issue of not so long ago, the position the company keeps building is too compelling to sell out completely. Take the half year profit as one example, and Federation is just getting going for seconds. Cash would have been maintained except for the $10.4 million we put towards the environmental bond. It's my view we keep heading upwards. This latest price of 23c is yet another test at breaking this limit. Each time, we've advanced the strength of our position so it is going to be broken through sooner rather than later in my opinion.
AMI Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held
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