AMU amadeus energy limited

guys I bought into AMU today, was last holding in the 80s and...

  1. 20,759 Posts.
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    guys

    I bought into AMU today, was last holding in the 80s and 90s and got stopped in July/august 2007 at 80.

    Its hard to say what is holding back the stocks as you would think it should be trading in the 40s at least. In a normal market 55-65.
    Perhaps its the debt, perhaps it's the fact that each discovery in itself is not big enough to get traders, investors excited. I think at these levels with the recent exploration success and the production and revenue increasing again 30cents is very very cheap.

    The sell down in shares may have to do with the shares coming off escrow. Volume is light enough where a 4-5 million share sale could take weeks.

    Its undervalued enough for me to be comfortable that downside is limited and upside is alot greater, after all its can only fall another 30cents lol
 
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