--AMU is valued at 68mill they just sold half of their 2p reserves plus 20% of their forward exploration grounds for 60mill---and they had what 4-5mill in the bank with 44mill debt?? and there's a buyback of 10% of shares underway...
so they will have round 20mill cash nil debt and if their revenue per Qtr 4-5mill(so exporation should be taking care of for 2011)
they will have to spend 7-8mill at average 25c share to buyback 10% of the shares taking us to 270mill shares
looks like a BUY to me at 22c
AMU Price at posting:
22.0¢ Sentiment: Buy Disclosure: Held