AMU 0.00% 21.0¢ amadeus energy limited

share price

  1. 483 Posts.
    Hey all, I am new to this stock, there is a classic head and shoulders pattern at the moment which should drop the price to near .20. The only thing stopping it going to low to quick is the announcement of a SPP. This is probably a positive for the management, however as has been rightfully been pointed out, the SP has been falling since around 2006. Perhaps management are a bit tired at present, but with some cash injection along with Price of Oil stabilizing above 65$, AMU may well be undervalued. this company needs to mitigate its debt levels, once this has happened, change of management for the conservative and it should be a really good little earner IMO.
 
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Currently unlisted public company.

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