Malay, im not sure what else you would expect management to do....is this the only thing you are looking at? in case you have not noticed, sentiment on the Aus market is terrible at the moment, like the worst I have seen it!
People just dont seem to want a bar of anything as they just dont believe anything. It is not just coincidence that SEA, RFE, AZZ and all the other O&G stocks out there are not going up despite underlying operations performing well.
AZZ has a bid to buy assets for $300m, yet is only trading at a market cap of $122m, what does that tell you?? no one believes anything at the moment.
In AOK, there simply are no buyers out there other than PTOLEMY atm, there are also not really many sellers out there atm it seems so there is a stalemate and the marginly holder gets tired of holding, get emotional and along with the general sentiment decides to sell into the bid on very low volume sending the SP down here.
Go and look at MBC, all done on very low volumes.
ALL IMO DYOR
AOK Price at posting:
11.5¢ Sentiment: None Disclosure: Held
