AMU amadeus energy limited

production test success means $$$, page-2

  1. MJS
    2,293 Posts.
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    Hi Splain ... glad to see that you have AMU in the "long-term buy" category as I do. I don't call AMU a buy for the spike stock but rather buy and hold (evidenced by the fact that I've now patiently held it for 3.5 years).

    Looking 2 years out from now, with say 2 biodiesal plants, only 2 gas producing wells, current production plus some more from Red Creek this stock will be making a profit of in excess of $12 million with it's current market cap being around $75 million (fully diluted). And I'd say the this is conservative.

    The increase from 10 cents to 50 cents in 12 mths might be holding some back from buying. But I do believe current prices will look cheap in the future.

    I'm not ramping. I can sell now for a very tidy profit. But this is a good stock and worthy of any small-cap portfolio.

    MJS
 
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