AUT to have first crack at EKA then a competitive bid from AWE. There is no way that EKA will be left alone. Big private major ahareholder in EKA - from Bell Potter - he will sell out for the right price.
The writing is on the wall. There was always going to be consolidation. They better get it underway before too much more positive news comes along regarding flows etc. How much is a fair price for EKA? 32c?
AUT Price at posting:
80.0¢ Sentiment: ST Buy Disclosure: Held
