Yep totally agree. Ray Malone is a good one to be in bed with...switch on and will make AMA whats its meant to be.
About the dividend...yeah I would have liked to have known more but I think we all know the situation....they couldn't make the $10 million payment in time...past management mucked things up....AMA has re-negotiated all the terms with financers...issued shares at a nice 4c to put a foundation on the share price and they are still making profit.
Its a new beginning in my opinion for AMA...and while its not a blue chip...the business is solid and actually makes that little majic we investors like...profit.
The past is now the past and while I missed out on a $14,000 dividend which would have been handy back in January....I understand the company was in no position to pay out dividends when their future was uncertain.
I assume once they are feeling equipped and stable again, they may come back to the past dividend we missed or just make it a nice one this year or next.
Either way...I'm real happy its back, listed, trading and filling us in on the details. I'm going to quietly keep building up a little stake in the company over time as I reckon it wont be long till AMA is back over 20c...they used to be over $1 so I can see a multibagger here in a big way.
Good luck all.
AMA Price at posting:
3.7¢ Sentiment: Buy Disclosure: Held
