AKK 0.00% 0.3¢ austin exploration limited

Ann: Marco Polo 1 Well Deviated Drilling Operations completed-AKK.AX, page-10

  1. 50 Posts.
    Perhaps - if holders have patience though a SP does not need to go down until the next announcement. If holders hold and if buyers had to meet the sellers price than you obtain a non-announcement SP run. This is what technical traders look for.

    Looking at AKK's technicals on the MACD and relative strength index a technical trader would be interested.

    Additionally, all you need is a stock picker to announce to its holders to buy or a positive news story (like the one which helped to create a 15m volume movement last week and you have the ingredients to shift a SP upwards.

    The OPEC event in Sept could also greatly assist AKK's SP if OPEC announces a cutback on oil production. Personally I believe a nice oil crash back down to sub $40 before Sept meeting could give OPEC the push it requires to start a price fixing regime.

    Have a look at my and bruutz previous evidence from industry experts which supports this.
 
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