Bitzer...when I mentioned oil,I should have included gas as part of the discussion. While gas prices are down in the US, I understand cost of production is low and these wells also produce oil, so a pretty good economic model. Seems somewhat of a shame that this board want to act as liquidators and get rid of many years of work via a sale process.Just hope there is plenty of money for shareholders.I predict oil will be north of US$100 within 12 months if not sooner.If a large supplier goes into sharp decline who knows.If that is the case AMU shareholders will have been conned into selling too soon.
AMU Price at posting:
22.5¢ Sentiment: None Disclosure: Held