nursery,, i cant see any evidence of hedge funds buying into aut.. but if your convinced they are then so be it.. but imho thats fancy.. lol but not outrageous fancy
proga..
aut has peaked at .79 and not driven through that.. imho its holding at that level and if anything could fall back.. thats not outrageous, just my opinion
there is no pressure on the share right now to fly to the $2 valuations that have been touted by brokers..
aut will decouple from the other partners if and when the market desires it.. and i fully expect it will happen when the right information is given to back up the valuation.
azz have announced two ips on their share and its driven from .83 to .48 and back up a little to the .60 region..
aut is on its yearly highs solely on the back on the awe bid on adi, but it doesnt mean if a further bid is made that it again will increase.. thats speculation.. its equally possible or probable that a cap raising is extremely close by... maybe driving an aut profit taking sell off
a lot of adi shares traded out, and perhaps a lot of money flowed into the aut and eka share from that, who knows, if its the case then perhaps the two are oversold things could die down a little and ease back..
post the results of the turnbull 1 2 and 3 wells in about a month or two there will be a re-rating of all jvp members following a reserves upgrade.. the catalyst for the drive up on aut will be based on economics more than speculation at that stage. once the cap raising is out of the way imho the aut share will be a lot more prospective.
awe will need to get this one away before that imho..
the adi price of .41 is driven by the hedge funds buy orders blocking any sellers into awe.. all the shares are able to be sold right now on market..
the aut and eka shares carry risk.. if you want to cash in with big numbers, all holders in aut and eka would not get the current prices .. the higher aut runs, the more people will be inclined to take profit
adi for me is a possible 100% guarantee of a higher return, a bet.. like the hedge funds would view it.. reinvesting capital from the aut run and investing into adi is just my way of doing things and based on my assumption there is a need for aut to cap raise any time now
its only speculation atm that eka and aut will follow on on any higher bids from awe.. and who knows when or if that will happen.. perhaps many would take profit now on aut
just an opinion proga, not as outrageous as you may think..
i hope aut runs like there is no tomorrow, but i am not expecting it to, and have invested accordingly.. no big deal if i call it wrong... its just how i feel with the volatility in the market.. imho aut holders must recognise that volatility and decide pretty soon on what to do in light of that upcoming cap raising..
btw i intend to be buying into aut once it has the necessary capital it needs for the forward well program if timings and capital permits..
ADI Price at posting:
41.0¢ Sentiment: Buy Disclosure: Held