Baccii, New Guinea is a hot spot at present. George Soros just invested $20m in New Guinea Energy. AMU Board I belive have sold the shares. I will back Soros on that front.
What was the classical music concert? How much did they invest?
Still can't ignore the fact that AMU has had very good assets and a strong cash flow. They did invest a lot back into drilling which is what I believe oil companies should do.Sometims the drill bit only discovers dust but the AMU track record of exploration has been pretty good.
Can't remember how much AMU invested in the biodiesel deal but it was strongly supported in the beginning as were all renewable fuel companies.Government removal of tax rebate caused all of them to crash and burn, not just the AMU spinoff.I think it is still operating.
AMU Price at posting:
22.0¢ Sentiment: None Disclosure: Held