Smart people who made this offer. This is the perfect opportunity buy/takeover
After the performance of AMU after this last couple of years I believe the board is all about maximising the share prce. Tried to sell, couldnt sell it all. The bidders are hunting for a bargain here. And they will get it.
I tried to recoup some losses by speculating on the last offer and managed to get back out for thecost of brokeraage.
I still have my main parcel (.63 avg which i bought before it went to 1.3, my fault I'm a holder not a trader and it all looked good back then).
They built a good company, got it up and running but choked once they got there. The best I am hoping for now is they knock back the first offer and take the second.
AMu has great potential but the current mangement just havent been able to crack it. I think this is a confidence issue and Im sure whoever picks it up will have a good chance at doing well. If they are asx listed I will even consider throwing a few bucks their way.
I think we are coming to and end on this thread so good luck all and good fortune for the future.
AMU Price at posting:
22.0¢ Sentiment: None Disclosure: Held