SkitzoTwas a general comment. In light of the half yearly,...

Skitzo
Twas a general comment. In light of the half yearly, excahnge rate was cited as THE factor for lower earnings. The last quarter saw a sharp turnaround and this was while the ozzie was above 90c. Hedging contract is pretty tight (65c-85 from memory).

IMO these offers do not necessarily imply a takeover offer. Rather, offer(s) for particular asets. IMO this is a more attractice proposition. AMU's future lies in exploration. Selling assets in a propitious context (onshore drilling) will increase SH value, resolve debt etc.
But for me the biggest positive is that it brings to light the fact AMU IS UNDERVALUED. Hartleys has been banging on for a while about how a catalyst is needed to spike investor awareness. THIS MIGHT BE IT.

It would be great if AMU in the short term consolidated on this buzz and gave a market update about exploration progress etc. What this SP has suffered from is lack of awareness.

sell the oil but also the sp