sharks37. Investors can only rely on this statement from the CEO. They either believe him and stay or don't and leave.
THEIR choice and I bet that nobody who still holds is relying on any one else's guesswork, which, frankly is probably as worthless as theirs, so why flatter yourself with comments like "if you KNOW it's not going to make money". Your saying that after ONE well???
CEO "“Ongoing field development is now our focus with the Company’s operations being underpinned by growing cash flows from new wells. As well, the presence of natural gas represents a further value driver for AKK with natural gas prices also now recovering strongly. “We will now move to flow testing operations of the Marco Polo#1 well which will then be followed Columbus #1 well and material updates will be communicated as they come to hand.”
You also opined that "so have to raise equity or borrow to fuel production curve" AND "All the while investors pay for directors and management salaries".
Now that seems to be diametrically opposite to what the CEO of the company has put on record??!!
So, who do we believe a negativist non holder having a guess or the CEO of the company going on public record???
Hard one that. Cheers.
AKK Price at posting:
0.6¢ Sentiment: Buy Disclosure: Not Held