well say if the board so no to 50c at the SP is still at 23c etc why don't the interest bidders just come to market an start buying up cheap then make an offer to shareholders 50c I'm sure many would take it.
When you look at the likes of SSN(which I also hold) with a major interesting in buying 95% of half of one of their lease permit for near on the total market value of AMU
with the whole off-shore diaster on-shore has taken many major interest they have to keep exploring to replace reserves AMU has 3p near 19mboe + a large amount of exploration grounds
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reserves report, page-8
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