I definitely agree mir, the best part about AUT's reserves isn't just the magnitude of them, but how constantly 3P's are being converted to 2P's and 2P's being converted to 1P's.
Trader8888, would you mind expanding on the 'hints of new land acquisitions' thought of yours. Was there a specific line or two in the Investor presentation which made you think like this?
I'm definitely hoping they purchase more land, as quite frankly they have not put a step wrong so far (excluding 1 or 2 cap raisings prices, but I've had my say on that) and I'll be backing the company to add alot of value through acquisitions.
I've got my own targets as to what prices I'd be looking to start selling my holding at, but I find myself upgrading these constantly!
Ann: Investor Presentation Material , page-9
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