What can they do? With some good press a while ago and poo going past 70$ barrel, the sp looked to be breaking out and got up to 44 cents just to be smashed again. It looked like sentiment towrds AMU was finally starting to change. The big sellers took the opportunity and are taking it to dump their stock as the buyers are there to soak them up.
I put it to the board a while ago about the sentiment toward some on them from past mistakes. All they told me was that it was something they had discussed.
Everyone has their agenda for selling , but makes you wonder why they want to get rid of some? Have they just lost patience with the sp performance or soemthing else?
If the figures are right then even at 30 cents the sp is ludicrous and if we go to 20 cents again (as some suggest) then it would put us at about 2 x earnings. I think. And all this after the great things at Longville. Someone has to start taking notice soon.
This looks interesting:
This month we will recommence exploration activity on the Hallettsville project in
Texas with the drilling of the Garner #1 well. This well is targeting reserves of up
to 30 BCF of gas and 500,000 barrels of oil so, if it is successful, it will be a
significant discovery. We have a very good track record of success in Hallettsville
where to date we have completed 23 out of 33 exploration wells for production.
We have a 24.75% interest in the Garner #1 well and we expect drilling to
commence within the next two weeks.
What can they do? With some good press a while ago and poo going...
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