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0.3¢ austin exploration limited

Thanks Bruutz, Bought in early May. Sold remaining shares...

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dans6401

5 Posts.

22/09/16

15:55

Post #: 19352492
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Originally posted by bruutz82 ↑

Good work mate - I think you will find that there will be many more good entry/ exit points to come with AKK.

1) OPEC meeting in 6 days that could fundementally change the price of oil
2) Third drilling result due in 2 and a half weeks
3) First flow test in 6 weeks
4) Subsequent flow test results every three weeks after that

This is where I think we will see some dramatic positive price movements of AKK.

Consider this: If OPEC better secures the price of oil and if AKK achieves strong flow test results - as AKK currently have a heap of cheap drilling gear - they may just keep drilling a further three wells.

If this scenario occurs I do not care how many CR's AKK asks for!

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Thanks Bruutz,
Bought in early May. Sold remaining shares yesterday to put in to BMS. Was expecting another pump to .01 but news seemed a bit thin. Hope other holders do well, but I'm out for now.
Bevter I'm not going to post my buy and sale notes. If you don't believe me that's fine.

AKK Price at posting: 0.7¢ Sentiment: Sell Disclosure: Not Held
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0 Great analysis

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