I have watched my investment fall to 1/5th of what is was in 5 years and now we have had trading halt after trading halt, for something like 60 days out of the past 80.
Given that White Eagle sold for $60 million and that represented 35% of revenue, 38% of cash flow and 49% of reserves , but only 20% of future production the rest of the company must be worth at least that much again and it can't be that hard to work out an offer.
IMHO the offer should be 40c+, but I doubt it will come to that.
AMU Price at posting:
22.0¢ Sentiment: Hold Disclosure: Held