Hey guys,I have sent the following Email through last week:I...

Hey guys,

I have sent the following Email through last week:

I would appreciate some clarification with respect to the announcement made on the 1st of June 2011 which stated, ?gThe Amadeus Board remains of the view that Amadeus shares do not fully reflect the value of the company?fs assets and will continue to consider strategies that aim to bridge this gap such as the on?]market buy?]back or any other corporate or capital management initiatives.?h
I understand that the share buy back has maintained the share price during the last few months but I am curious as to whether the company is still looking to ?gbridge the gap?h so to speak? If so, what strategies are being considered?
I called a few months ago to get some information on the current Collars on the production to do some modelling and I was advised that AMU did not want to put upward pressure on the price but merely wanted to sustain it via the buyback. If this is correct, how does one bridge the gap between intrinsic value and perceived value (currently 21.5 cents)?
Does Amadeus still maintain the services of Macquarie Capital?

We have seen no announcements excluding the daily buy backs in months, and many investors I speak to on a daily basis are wondering if the lights are still on!

Some information would be appreciated as silence seems to be increasing the price disparity of this undervalued share.

Thanks,

After a few days I called and got through to Mitchell Wells. The purpose of the call was to get some clarity as to what is happening in AMU.

We had a long discussion with respect to future financial risk management strategies along with the prospect of a dividend. Mitchell said that a dividend may be something we look at in the future but the main strategy is to develop and expand existing mines as per the announcement.

The share purchase is being conducted at a slow pace intentionally as not to put upward pressure (implied), personally this seems unfair and unreasonable as investors expect specific amount of growth i.e. risk premium on top of the risk free rate.

I pressed on more info with respect to the expected production of the wells but as announced Mitchell expects a lot of upside from the existing Texas properties with an expect life of around 20 years.

This share is on of the most disappointing I?fve invested in but if a dividend is paid in January then we could see some good upside.

P.S. with respect to Keygeo, the NTA decrease was mainly owing to the exchange rate. Keep in mind the NTA equates to 26.9cent in AUD at the current exchange rate.

Hope you guys keep in there, I will until I get some more info at the AGM.