re: Ann: Change in substantial holding - J.P.... Trader you make a lot of good points.
In particular about AUT being under valuation and
about JPM wanting a niche , or as i refer to it a competitive advantage. Undoubtably AUT have a competitive advantage over all the aussie juniors inthe shale and the weighting it has applied to the highly pressurised liquids rich sweet spot in the US shale gives it a competitive edge over virtually all energy companies world wide.
Ann: Change in substantial holding - J.P.Morgan , page-47
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