AMU 0.00% 21.0¢ amadeus energy limited

Ann: Hallettsville well commences drilling , page-5

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  1. 8,598 Posts.
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    Sad isn't it. Bit hard to get out though K1. No takers for that sort of volume to just dump and run. I'd say that's precisely what someone else is thinking though. Trickling them in when the opportunity arises. You have to ask yourself though how low can they go? A price of 22 cents gives them a market cap of about 65 million. Seems ridiculous with current reserves and cash flow but the shares are only worth what someone wants to pay for them. Predictions of 95$ a barrel this year may never come to pass but if they did now must seem to be golden opportunity to load up. No one sees it that way though. and Hartelys can't convince their clients to buy them.
 
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