I agree with Nursery. I think AUT will grow from here on the back of consistent flows and successful frac jobs.
EKA is the more interesting one. I understand that there has been some solid buying by one of the big banks and the company is not sure on who's behalf this buying has been done. I think that either AWE or AUT will have a go at EKA in the next couple of months. I reckon AUT will be the first bidder frankly. As a result EKA represents a fair punt in the short term. I regard EKA getting swallowed as an inevitability.
When is the reserve recalculation due? July I think.
Agentm is on the ball and I wish he was in AUT and EKA at the moment.
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$2.66 |
Change
-0.010(0.37%) |
Mkt cap ! $847.1M | |||
| Open | High | Low | Value | Volume |
| $2.66 | $2.67 | $2.66 | $25.14K | 9.452K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 8486 | $2.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.66 | 14251 | 15 |
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