AMU finished the day at 49 cent for the fully paid shares on...

AMU finished the day at 49 cent for the fully paid shares on strong volume of just over 1.5 million. This is a new high for the company. The options too made new highs, closing at 24 cents but on low volume. This spread represents a widening of the usual differential between the two and suggests the options still have a bit of catch up to go.

Aside from the recent drilling successes (worth A$1+ million in gross revenues and most of that profit I reckon), the soon to kick off drilling of 3 deep gas wells in highly prospective ground, and the recent approval of debt funding for their Adelaide biodiesel plant what might be behind this spurt?

Anyone know what other new event might be out there? Did Shaws release an updated investment brief giving it another gold elephant stamp and recommending further buying?

Looking good for more share price appreciation on the morrow (and the day after etc etc).


I hold so am biased.