Austral has been trapped in a trading range recently, allowing some very large players to buy up at ridiculous prices (large buying today, mostly at 63c). Currently AUO is near the top of this recent range and I think if it can get beyond 65/66c then we can call a breakout which should be pretty dramatic.
Half yearly's are not too far off and I'm sure AUO will be re-rated as it was after the last half.
cosmos
AUO
austral coal limited
