AMU amadeus energy limited

gday OzYes, certainly seems that sellers are still out there,...

  1. 630 Posts.
    gday Oz
    Yes, certainly seems that sellers are still out there, although by no means a rush for the exits. I dont see it as a reflection of AMU as a business more a case of simple deleveraging by overextended s/h who have lost their appetite for risk.
    We are fortunate that the buyback is in place atm to absorb this and as a bonus the Co is buying its own stock at a bargain (especially when you take into account the excellent exchange rate that AMU is enjoying as it repatriates US$ to fund buyback) which in the long run will benefit all who hold.
    I also have been going over the AGM presentations, the next couple of quarters are going to have a huge impact on the future of this Co. Plenty of newsflow ahead and some very exciting targets to be drilled.
 
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Currently unlisted public company.

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