Quote from above "''This bid has implications for AUT and EKA, which also have positions in the play. The look through valuation for these companies is ~100cps and ~22cps respectively.''
This is nove to have Hartleys valueing AUT as well, even if it is still very conservative. On a straight clinical look through basis, without taking into account Turnbulls about to be flowing its fair. But taking into account turnbulls and even applying 10 or 20% of value with just reasonable flows , $1 is very undervalued.
Nice day for AUT, the market is starting to wake up, holders are not parting for a few cents, and we are defying all market trends of late, thats a strong stron sign.
Bound to continue to see spurts of growth and consilidations, looking forward to turnbull results and rancho IP's.
AUT Price at posting:
87.5¢ Sentiment: Buy Disclosure: Held
