Hi gupperIts got me stuffed as to what is holding the AMU sp...

Hi gupper

Its got me stuffed as to what is holding the AMU sp back !

As you rightly point out AMU has its longlife/low cost assets
Great technical team = drilling success
and a strong board
Downside protection (partially hedged) which proved prudent in recent slide to $30
Huge exploration upside
A comfortably geared balance sheet with very healthy cashflows
A great mix of low/medium/high risk drilling funded entirely from cashflow
Positive coverage (fair value consensus = 80c+)
PE of 2.6x makes no sense at all

I suppose it all comes back to debt and financial fashion. Not too long ago a company would be accused of having a lazy balance sheet if it was debt free, now the circle has turned. I would have thought the recent ann regards senior debt rollover would have alleviated any lingering angst on this issue, after all if the companies banking syndicate is comfortable then what do investors have to worry about ?

NOTHING IMO

As an aside i dont think the lead broker for this Co has pulled its weight nor do i feel that the current Chairman has contributed much
Perhaps the Co could look further afield for investor support (internationally), folks here just dont seem to get it.