Beg to differ. 13+ million barrels of reserves alone would have...

Beg to differ.

13+ million barrels of reserves alone would have a market value today of around A$195 million. With around 150 million shares on issue (fully diluted) that works out to around A$1.30 a share.

Add to that the estimated worth of its biodiesel business (being valued by Shaws at A$100 million and AMU has a 66% share of that) and it is easy to see why I reckon the share price still has a way to travel.

But your money, your call on where to invest.

cheers