amu an absolute bargain at 23 cents - buy buy , page-2

Your 100% correct Lawrie

AMU is dirt cheap on any metric you care to use.

They have;
very low costs
longlife assets
exploration upside
no debt
strong cashflows
very good drilling success rate
favourable commodity exposure
pre existing debt facility if required
no need to raise further capital
share buyback in place

High volume today
I think AMU held its ground rather well under the circumstances. Bound to be sellers in light of failed takeover but the buyers were there to soak it up, i find that very encouraging