Anyone Else wish they had sold at 0.012??, page-47

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Autosime

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02/07/16

17:14

Post #: 18178221
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Originally posted by Autosime ↑

I did say that and when Cmon and sector lead alerted me to the fact I was way off I spent the night reading up on AKK , reminded myself of their history , refreshed my knowledge on shale economics , took on board commentary that the 790 ft column means nothing without working out net pay , read all the rubbish announcements of the last 3 years and received a personal email from a friend who occasionally posts here who has a great detailed understanding of shale economics telling me how way off I was. You see I too took the bait of the new start , until I realised that once again they are spinning and the economics simply don't add up. Even their neighbours COI who are mentioned as some kind of successive story who have drilled 22 " commercial wells " ourt of 25 have lost 65 m and are no focusing elsewhere

I realised my error and was a little embarrassed I had been sucked in by the clowns , but was lucky enough to exit at 1.1 the next day. That's why I am on here, to be reminded of when I am being stupid , and to get ideas from others. Hopefully I sometimes contribute to good FA discussions that people value

Humility is a gift in the markets , as is the ability to accept when others know more

In my view Cmon is a leading FA authority on shale and I consider myself very good on the CB conventional, so instead of arguing my position , I sought to justify it to myself and I simply couldn't

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Trent- you know how I can tell someone is subjective on a stock , when one looks at the last 100 posts and they are all on one stock. Talk about buying heavily invested in one stock . Out of all the stocks on the ASX , this is the one you are betting the farm on !!

AKK Price at posting: 0.6¢ Sentiment: None Disclosure: Not Held
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Anyone Else wish they had sold at 0.012??, page-47

Top Stories

Auric sniffs gold up to 12.1g/t through drilling at Spargoville prospects

Cyclone signs MOU with Vale for development of Iron Bear play

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Recce scores $6.75M R&D rebate

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

Tyranna wraps up lithium drilling in Angola; says looking for other projects with different metals