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.
AMU Price at posting:
20.5¢ Sentiment: ST Sell Disclosure: Held