general information re: amcom, page-2

Thanks ATM, an interesting read.

But for me the last paragraph was the most pertinent. Euroz have had so many dealings over the years with IIN and AMM that you have to take any of their remarks with a grain of salt.

Still waiting for IIN to hit the $4+ valuations that many Perth based brokers had on them back in about 2004, before it all went pear-shaped. Some of these same local brokers rated IIN as sell once it had already dropped to 70c!

It's nice to have valuations based on PER's and EBIT multiples but with AMM you have a small-cap with small investment coverage on the east-coast and with a large supply of stock coming on tap over a very short period. It will be interesting to see how the supply and demand forces play out over the rest of the year. One thing I am certain about is that we can expect to see some massive volumes traded.