latest hartley's report amu, page-7

morning all

just been having a read of the latest Hartleys research report on the TNT deal

The report highlights the value to be created from the acquisition. Fiscal benefits of the transaction are immediately value accretive. By their figures the TNT deal adds an immediate $22m to the value of AMU's assets, operational cost savings of $2.5m pa, increased share of reserves and production. They have increased their target price by 4c a share to 59c and their valuation of AMU has risen to 79c.

Hartleys are expecting a 15% increase in both reserves and production over the next 12 months.

What we need now is a big hit at Smolik to see us thru 30c and hopefully put the 20's behind us for good