Coverage in The Bull newsletter this morning by John Rawicki of...

Coverage in The Bull newsletter this morning by John Rawicki of State One Stockbroking. Augustus is appearing on brokers' radar which is a great sign.

http://thebull.com.au/articles/a/11937-18-share-tips---7-june-2010.html

Here's the AUJ story:


With drilling at its Silverwood oil and gas prospect in the US state of Louisiana scheduled to begin in mid June, expect more buying interest and bigger volumes. Silverwood has already produced two gas blowouts in previous drillings (1982 and 2008), increasing the likelihood of a successful program. With $8 million in cash, the share price has phenomenal cash backing of 20 cents a share.


----
The same directors are also behind TNP, which should be trading again within days according to the company.

I think AUJ has demonstrated a sufficient pull back to this point and buying is coming in. For a company with strong cash backing and drilling in a proven area this stock has a strong case for a big push up.