solid close to the week, page-9

Historically I favour ADI, especially if the relative values are equal. Probably because over the last 4 years they have appeared the most stable. They also have an established "oiler' as a major shareholder that has stuck with them through the difficult times. They are financially sound. They appear not to be faced with too much of a dilution problem. They seem to be well managed.

In addition they have been a very good investment for me.

After the initial farm in arrangement it could be a different ball game. Values then will have to be reassessed. Depending on the results in the additional areas for AUT they may rocket ahead, then they may noy, The extra potential is already priced into the AUT price.

ADI AUT and EKA are still speculative until the results are known. That speculation is allowed for in the current SP. I suggest they are a lot less speculative that they were 6 months ago. That is being factored into the SP. With any spec stock one should only invest money you do not need in a hurry and money you can afford to lose, otherwise it is a gamble of sorts.

All this is only my opinion but I always put my money where my mouth is. The biggest investment in the three is with ADI followed by EKA (because I believed they were trailing in the comparative value stakes) with AUT third.

I have traded EKA for AUT and ADI, in equal proportions, this last week and bought a little extra ADI without a swap.

It is all tied up in comparative SPs. The picture can change daily.