Seems to me that AMU are considering yet more debt (I expect with a placement thrown in) to compensate for their dropping the ball over the last 2 years on several major fronts. I recall they flagged earlier this year they would consider yet more debt to develop successful exploration wells they might find this year. If not that, maybe they're trying to talk a bank into being a partner.
I'd be more than pleasantly surprised if AMU have any notion of how to achieve more rapid value from their assets, and are able to actually do it. I'm still holding some AMU, didn't drop[ them fast enough and now because I think it's undervalued - ARW debacle (maybe looming disaster) notwithstanding - but for me AMU are not worth anywhere nearly what I once thought and neither is its management.
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