AMU 0.00% 21.0¢ amadeus energy limited

Melman, Well, there's Peter Lehle of course. But as I've said...

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    Melman,

    Well, there's Peter Lehle of course. But as I've said the board/management of AMU is one fundamental area I've not been happy with. That does need improving.

    But I don't reckon you want to throw the baby out with the bathwater, as the old saying goes. It's still a good little company, with huge potential. Look at how AMU is currently priced on an enterprise value to 2P reserves basis. Its peers are trading around $20 per barrel of reserves and AMU isn't even half that. Its market price to book ratio is also similarly juicy compared to other companies in this sector. There's a lot to like.
 
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Currently unlisted public company.

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