EKA holders are about to hold shares in a company that will be cash flow positive. That will be the advantage of a lull in drilling while the existing wells become income producing. That is not a bad thing, they have a little time up their sleeve to decide the drilling program for the new lease areas. You never know, Hillcorp may even farm in on them too. At this stage EKA have 100%.
I'm still holding both and will continue to trade between the two as the opportunity arises. I look at it that a half cent rise in EKA is worth a two cent rise in AUT.
technical insight on aut, page-12
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Last
74.5¢ |
Change
0.015(2.05%) |
Mkt cap ! $358.1M | |||
| Open | High | Low | Value | Volume |
| 73.0¢ | 75.0¢ | 71.5¢ | $727.2K | 997.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 20300 | 72.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 76.5¢ | 24000 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| FFM (ASX) Chart |