According to previous announcements, the company will disclose the details of offers made on the sale of the US assets in MID TO LATE NOVEMBER, following previously unsolicited offers from various US companies to acquire the assets. I come back to the point that if the US assets are producing something like $20m/annum in net cash flow, one would think that some fairly decent offers will be made, which may make the current market capitilisation of the company look cheap. Success at Schwing #3 would not hurt either!!
AMU Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held