After the placement of the CR shares the price has fallen from last week's run, as expected. It was good to see the SP bounce off today's low.
AUT has very often touched new 52 week highs for a very short period ($1.67 in this case), only for it retreat back in it's shell. Then alas, in a fortnight's time that 52 week high figure is blitzed once again. I feel EKA will do the same, with the cap-raising forcing the share price 'back into it's shell', only for the imminent positive cash flow report and further operation updates. It'd also be good to hear the details on what the recent CR funding will be used for. Should be an exciting few weeks.
EKA Price at posting:
30.0¢ Sentiment: Hold Disclosure: Held
