aut has huge upside potential, but its not going achieve anything without capital.. will the share fly with that boat anchor in tow? maybe yes maybe no.. i think your a big holder in aut so for your sake i hope it does..
whether it runs hard to $1 in the coming days or stays in its current pattern of .79 is speculation.. i have made some nice gains in that share but currently my concerns are about its ability to demonstrate it has the finances in place to deal with the future.. and imho it will need it very very soon
until then i exit.. maybe its a good call maybe its not.. thats my decision..
i am not asking you to agree with anything.. its just my opinion oilandgas,, dont take my opinion or choice in investing personal.. if its all wrong and aut run hard i will will be ok with it.. for me i am just keen to sit on the adi share a while, i never exited it, i was always buying more adi and aut,, i just sold my aut and got more adi today..
as i said, if its a wrong call and aut runs to $1 i can jump in any time i like, if i want to, but for the moment with all this volatility world wide, i am happy to be guaranteed a cash payout for every share i have in adi portfolio..
ADI Price at posting:
41.0¢ Sentiment: Buy Disclosure: Held