Might be all of your points splain.Amadeus website has oil & gas...

Might be all of your points splain.

Amadeus website has oil & gas bulletin from 2nd March. Suggests AMU is currently valued around half its oil assets, with nothing at all attributed to biodiesel. Tips price target of 80 cents this year.

Given the extent of the rise over last year I must say the strength with which price has held is quite amazing. At this stage I think 80 cents could prove conservative this year.

2004 shows promise. 2005, with hopefully two or more biodiesel plants and expanded oil production adding strongly to both the top and bottom line, could prove to be a further windfall. This stock has already been noticed by at least two institutions, one having taking a substantial holding. Towards the end of this year, after options exercised, depending on share price market cap could well be over $100 million, putting it on the screens of more instos.

For me, this stock is (1) easy to understand (2) making a profit (3) doesn't need to raise capital (4) has guaranteed growth (4) is not overly expensive on a long-term view. This is pretty much why I still hold after 3 years.

MJS