Turtle, I have made money on AKK twice . Anyone can buy a stock and offloaded to bigger fools for a higher price . I did that last year . Who knows , some of those attacking may be the same people that bought it off me for 1.1c .The only way I can use the word fundemental and AKK in the same sentence is to say AKK is fundementally a hot steaming turd. I wish you success in selling for a profit, but any stock you buy on the ASX provides the chance to make money . That doesn't make it a worthwhile company and this is what we are saying here . AKK has not and will not make any money for years to come. Let's look at it this way
Akk has bought acreage greater than their own that produces more than it does for how much ??
When you look at that asset you can value AKK own assets . If you do that and then minus corporate costs , as all broker research do , you are left with assets at a third of market cap
So you can't argue it has value from an asset point of view
You can t say it has value from a revenue point of view
You can't say it has value from a cashflow point of view
So exPlain to me why it's cheap. It seems overvalued to me
AKK Price at posting:
0.6¢ Sentiment: None Disclosure: Not Held
