Takeover will need to be 50 centsDo yourself a favor and talk to...

Takeover will need to be 50 cents
Do yourself a favor and talk to management. They will openly tell you they are only interested in buying acreage that they know and are familiar with. There latest Ann. Mentions financing acquisitions.
Aut recently put out a reserves statement when they didnt need too except to assist potential funding.
Join the dots, awe have other assets and would cost significantly more than the capital raised post debt reduction. furthermore why do they need $200mil. Certainly not to fund drilling.
Eka would cost circa 100mil to buy thru a takeover I suspect and probably still good value given AUT understanding and market valuation of their acreage.

Finally, given the fact that eka need cash and there is a raising coming why on earth would anyone buy the stock unless they were punting a takeover.
Let's wait and see but debt raising and price action in eka point in the t/o direction...
Dyor
Dyor