"Agent does this mean your back in AUT big time???"
By the "no stock held" thge answer as I see it is "no". But by the posts agent is making the interest is there but he hopes to buy at a lower price. I have an opposite view and am buying both AUT and EKA as I believe that the prices are around as low as they may be. I believe there is too big a risk of missing the boat , especially if:
1. More big/good news comes out. 2. ADI continues its greedy, aggressive attempt to push more into the play. I believe they are allready eyeing off EKA. There is, I believe, a merchant bank buying and possibility buying for them as happened, I believe, with ADI. 3. I suggest the AUT SPP will be overscribed and scaled back. At the moment there are holders saving for that purchase. If they are scaled back the money may then be used to buy AUT. 4. currently it is hard to buy AUT under 79c and there is not a lot available on the market. I have paid 80c and 79.5c and happy with paying that price. I have not got all I want either.
Agent, You have been right with your predictions most of the time. I'm often wrong. Neither of us can get it right all the time, especially with the turbulent market. I believe the financial market is corrupted by speculative and shonky operators who profit by creating turbulence. However the oil market will be dominated by the consumers that have an increasing desire to consume oil and oil based products. The laws of supply and demand will keep the price on an upward trend. There is peak oil and there is a continued increase in the cost of getting that oil.
With all this in mind I can see no reason to believe that AUT is not a good buy and I will continue to accumulate. AUT long term and EKA short term (expectin an aggressive AWE buy into EKA).
Time will give the answer. DYOR
AUT Price at posting:
78.5¢ Sentiment: LT Buy Disclosure: Held
