AMU amadeus energy limited

computer bot trading --AMU is valued at 68mill they just sold...

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    computer bot trading

    --AMU is valued at 68mill they just sold half of their 2p reserves plus 20% of their forward exploration grounds for 60mill---and they had what 4-5mill in the bank with 44mill debt?? and there's a buyback of 10% of shares underway...

    so they will have round 20mill cash nil debt and if their revenue per Qtr 4-5mill(so exporation should be taking care of for 2011)

    they will have to spend 7-8mill at average 25c share to buyback 10% of the shares taking us to 270mill shares

    looks like a BUY to me at 22c
 
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