Perhaps we are seeing the end of selling of short-term positions. Hopefully the SP will now progressively claw back some of the losses that arose when the company abandoned its ambitious schedule for monetising the EFS assets. AUT has started to claw back some of its rating so perhaps the market will start to again view the value of the EFS as deserving of a premium. It's onshore, located in a politically stable area and investment is paid back in months.
agent has indicated potential valuations and it seems to be just a question of sitting back, holding for a few months and then pocketing the profit. Pity that there aren't a few more investments that provide that kind of opportunity.
TXN Price at posting:
42.5¢ Sentiment: Hold Disclosure: Held
