What garbage. ARW irrelevant? .. not much cash put in? How much...

What garbage. ARW irrelevant? .. not much cash put in? How much exactly is not much? Gee about the same as the WHOLE current AMU market Cap? lol. You dont think thats a significant part of why the market deserted this Co. over the last 3 years. And who was responsible for that debacle?
And who does management blame? Shareholders? Brokers? Accountability? Here?

So the SP is low because no brokers supported it (why not?) First time I've ever seen someone use that excuse over a 3 year... repeat 3 YEAR period during which the XJO/XJE hit its highest level of all time, POO reached $147bbl, NG hit a previously unheard of $14, every other producing oiler listed in the XJE produced at least double digit returns (AMU actually fell by 80%), Management and board representation more than doubled (yes from GT, RS and CB to how many now? lol)...

Brokers dont make the SP .... THATS MANAGEMENTS JOB.
Dont see brokers claiming responsibility for the SP's of STO WPL, KAR etc. A good broker can ramp a crap stock for a short period of time but no broker can re-float crap management for an extended period. So why didnt other brokers step in over the last 3 years then? All because of Shaws? Because Shaws wanted AMU to fail? lol

One thing remains here the worst broker in the world can't keep a good Co with great assets and good management down.
So why isn't the SP still at $1.50? Shaws? lol. The GFC? 13 months ago POO was $147 and the AMU SP had already been falling (against the trend of virtually every other oiler listed anywhere) for 2 years!

This all sounds too much like the Co. line: oh gee the SP is 19% of what it was because of the house broker. One things for sure Shaws never gave away $50m of existing shareholder value to OS insto's by diluting currents by half. And for what? To defend their own positions?

Governance is dictated by size is it? You actually believe that? Or have you never been a Co. director?
Dont want to be too negative but is it any wonder AMU's shareholders own one of the worst performing Co's over a 3 year period on the ASX.

My issue is that this Co has great long life assets in 2 commodities that should be returning ever increasing returns to shareholders. A Co. that WAS successfully grown over a long period into a $250M+ Co.
But over the last 3 years all of that has counted for nothing.

Clearly there is a view with AMU that enough is enough.

With each "review" (at least 4 that I'm aware of) with each new management/board appointee (Mitchell, AP, The US guys/girls, Wylie's etc etc, with each new direction: buybacks (4 in total), raisings, roadshows, new communication strategies, bringing everything back in house etc etc etc infinitum we've seen a Co that has struggled to identify a forward course and stick to it. Nor make any of them successful.

Is it possible that the market has decided that the constant unsuccessful thrashing around has become more and more about defending a position rather than reversing what has seen a great small company become merely smaller. MUCH smaller.

NONE of these things has worked to even slow let alone reverse the falling SP. There's only one thing left. The market clearly has no confidence in something, it obviously isnt the assets nor the commodities... whats left?

GT had the opportunity to take current shareholders along with him but it would appear once again decided he didn't need to. And that my friend is the why AMU has gone nowhere but down for 3 years.

Hope, this time around wont do it.