I see the speculator (David Haselhurst) has another snippet on AMU in this months money mag. We know he's been a big fan for a while but some highlights from the small write up.
Trading at just 3.7 times last years earnings
Net profit after tax 233% (in the year to June 30)
Operating costs, $15 per barrel.
73% of oil production for calendar is capped at US$83.50 reducing to 60% in 2009
He describes the sp at 49cents (time of writing) as "inexplicable" and "AMU is a certainty for recovery"
Shaws has a target of 75cents. some think their worth twice that but it's a start.
You lot probably knew all that but may interest some newbies.
Side note. 3mil employee options expiring on the 8 nov at 75cents.
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