AMU 0.00% 21.0¢ amadeus energy limited

Ann: Adjournment of AGM , page-7

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  1. 171 Posts.
    How many failed attempts does this board need to finally realise value for shareholders.
    AMU has ~$12m in the bank and an undrawn $40m line of credit which is equal to 22 cps available to use to grow the company.
    Why the need to have massive dilution and end up with 32%?
    Something does not pass muster here.
    Get people on the board who understand how to run an oil and gas company. Just needs a focus on adding reserves not questionable ones either.Company does not need Lonestar deal to grow. Needs a competant oil and gas board.
 
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