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AUT - Aurora Oil and Gas

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Looked good to me too. People selling the fact maybe? Selling before May and staying away?

I sold out quite a while ago after holding long term from about 65c to $3.42 and trading along the way. It seemed to have completed most of its run when I sold (though I suppose it has topped $4 since then). Anyway, I was puzzled by Thursday's drop too and decided to buy back in. Not the size of holding I had before, but a few.

GLTAH
 
The fundamentals are still strong. Buying more today. I cannot see them going any lower, at this price I'm treating them as a bargain!

Been holding since 16c, and topping up along the way with these drops. Yet to sell any.
 
From todays ASX announcement:



Seems to be a very solid (fundamentally) stock that doesn't seem to be getting any love from the market, hopefully come reporting time it gets the attention it deserves
 
This may be so, but the trouble with AUT is that all the big gains in the stock took place in 2009 and 2010 - a 15x gain, before its potential production was a reality. Since then, although it has a lot more wells, the sp has churned sideways. Right or wrong, that's how the market sees it.
 
skc said:
That's a very hefty premium and very aggressive bid. $4.10 is almost all time high for AUT.

Will there be any more offers out of the woodwork?

It dragged every other ASX oiler along as well.
Click to expand...

That's right, today so far, SEA increased 10.36% at $1.065
 
I sold on the opening bounce!
It's a great offer, it will most likely go through.
There was some talk at the open of an alternate bidder which is why it was so strong even for a take over.
I'm not going to hang around for a second bidder.
Don't look a gift horse in the mouth.
I'd expect it to drift off a bit then to go through at the offer price.

I am also whatching the sector to initiate shorts.
It's a stupid thing that they all jump because one gets snapped up and is usually a great shorting opportunity.
Note the price action on AUT was very negative before today and it is, in my mind, one of the best, if not the best of the madcaps. That price action, prior to today, is where the sentiment is really at on the global scale and I expect it to return to our little island fairly quickly!!
AUT board have done a brilliant job with the acceptance and no leaks!
 
skc said:
It's entirely up to you. You can either wait for the transaction to take place, hold in anticipation of another potential bidder, or sell on market now.
Click to expand...

Thanks for your reply. if everything goes through smoothly, the whole process will be finished mid of May. I might sell mine on market as well.
 
Decided (like notting) not to look a gift horse in the mouth, sold out for a healthy 30% profit.
Pretty happy considering I only held the stock for 2 months.

Managed to get the $4.10 now, obviously some are anticipating some competition to push the price further, otherwise I cannot see the justification for paying that price.

Will be interested to see if there is any further positive movement
 
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