AOK 0.00% 0.3¢ australian oil company limited.

re: Ann: Conditional Funding to Accelerate 20... Dis, I...

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  1. 7,365 Posts.
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    re: Ann: Conditional Funding to Accelerate 20... Dis, I understand davo's concern, but overall like you, I think the positives outpace the disadvantge caused by the dilution. They have the land, they have found oil, they were short of finance. Now with the incentives in place, they are able to raise more funds with a conversion at .15 which is above the current SP. With what they have in place the fact that the buyers are still buying, over 8 million on Thursday,this is an indication that there is value here.We are currently looking at blue sky, a certain acceleration of the SP in a couple of days won't be a surprise. I took advantage that the big buyer is not doing anything today to add a few more. The trend in the SP has truly been established here.This one is in the right sector, the right place and at the right time.DYOR/IMHO
 
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