Hey all, I am new to this stock, there is a classic head and shoulders pattern at the moment which should drop the price to near .20. The only thing stopping it going to low to quick is the announcement of a SPP. This is probably a positive for the management, however as has been rightfully been pointed out, the SP has been falling since around 2006. Perhaps management are a bit tired at present, but with some cash injection along with Price of Oil stabilizing above 65$, AMU may well be undervalued. this company needs to mitigate its debt levels, once this has happened, change of management for the conservative and it should be a really good little earner IMO.
AMU Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held