Nursery the thing that strikes me is this is a great strategy for now, but as Longhorn with 3 free carried 25% wells adn Ipn with a free carried 30% well approach AUT whould technically seperate from ADI adn EKA to the upside.
So at some point you will need to make adjustments or you may be cutting off your nose. From the AUT presentation it appears that will be around Q2, so it wont be long at all and you will need to start factoring that in. Likely only a matter of 3 weeks and the market will start reacting to anticipated first well on Longhorn.
So enjoy it now, but soon it may become a case of you can only do it on EKA ADI.
ADI Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held