The name change is needed to signal a new beginning. AMA were lucky to survive at all and you can put that down to the board and management who took over after the EGM and ran the recovery projects.
I think you are off track on the takeover. The new directors currently buying stock would have some explaining to do to the ASX if they were simultaneously working on selling the company at a premium.
And there is still a fair bit of debt. The recent EGM information highlights some of that which is on longer term zero interest has to be repaid on takeover.
AMA Price at posting:
6.3¢ Sentiment: LT Buy Disclosure: Held
