valuations, page-7

re: resilient Almost all oil stocks are getting butchered - sentiment is playing more of a role than fundamentals IMO, with price of oil being the boogy.

corporatefile today, although no real new info, had one very important and positive sentence from Geoffrey Towner right at the end:

"We expect a substantial increase in revenue this financial year".

2006 had $27 million cash flow with average oil price sub $60 per barrel. Current oil price is still above this. Nothing has changed fundamentally for AMU. Times of gloom are the hardest to hold, but present the best opportunities provided the stock has the fundamentals. I believe AMU does.

MJS