reject any offer under $1, page-52

mick.

awe bid is solely on adi but its holding up the aut and eka sp right now

adi is trading above the bid price atm

someone sure wants the eka share.

aut seems to be trading at a far lower ratio than the adi eka ratio..

i think aut has hit a plateau.. if it runs again hard to $1 then brilliant.. i know plenty of aut investors and they all deserve a great run.. but i wonder if it will..

its just my opinion mick.. its not a joke as you call it.. the jvp all have serious upside potential, but that doesnt mean you get that 100% full value unless someone is buying you out.. buying eka at its peak price comes with risk imho, but maybe the buying is for another reason

azz is not t the price the land gives you in the region, just on acreage prices in the region is a guaranteed $1+ share, and will get there if the operations improve, and a well becomes commercial, and if they put a great operation together on the ground, and are not diluted to oblivion as their need for capital stifles them.. but just because regionally their neighbours acreages are at the value they are, they are not getting the fair price for their acreages which is around $1, and with all oilers, when you get down to being faced with a distressed sale it limits your bargaining power.. hope it works out for azz holders..

aut also needs to raise capital, i cant ignore that factor at all, but for the management there, their heads will be thinking about which investors will be attracted to buy in at $1 in a few months in a potentially equal or more volatile market versus a cap raising today at .70 price, imho its a tough call for the aut directors.. but aut faces a massive dilution as it does need 20 - 30 mill

maybe its the anchor around its neck thats holding it back..

i am going to buy into aut as soon as they are in a clear position to go forward for 6 - 12 months without a further cap raising.. i am prepared to jump from them now but if it runs to $1 then thats brilliant.. i still ahve made good gains in them and my current view is that they seemed to have hit a ceiling, and for me its time to move into adi with all the volatility around.. could be a right move and it easily could be wrong call.. but i am guaranteed a set price cash return as is anyone in the adi share atm..

eka and aut could possibly get more jitters as any sign the awe bid wont be successful could bring some volatility..
interesting days in the jvp partners as each share has its own attractions and limitations, upsides and downsides..


all imho and dyor..