today was not a positive announcement

The t/o price in $US has risen 11% since Eden's offer announced on 21/3/2011.
The $A has currently risen 4c. above the $1.05 maximum allowed for in the financing for the T/O (= $12m).
+ The $6m. dollar tax oversight = $18m. aditional financing to find.
I can not see that if Eden have not obtained funding by this date that it will ever gain funding for the deal.

I really wish I had have twigged to all of this 3 weeks ago.

From here I am thinking that the stock should trade at a t/o premium subsequent to the deal being called off - allthough at the current price this does not look like the case.

Its now a matter of looking to AMU's future prospects.

Q4 - Increased earnings (partly mitigated by the 40% hedge collar which remains untill end of June.)

2012 FY - A higher traded share price due to increased increased profits with
- the oil price remaining fairly high
- only a 20% hedge collar to contend with
- further well development and increased product'n.

+ some very healthy dividends
+ a continuation of the buyback

Thats the best I can wish for now, unless there is a miracle.

GK.