@bruutz82 ... you are describing a share split. A consolidation is the other way around 1.e. 1:2.
I cut and pasted the wrong investopedia example - but my point remains unchanged a 2:1 consolidation requires the company to have a level of success prior to a consolidation. You do not consolidate for no reason. You consolidate to predominately make a company have a higher SP to be more attractive to institutional's - but it requires an amount of success prior to the consolidation otherwise there is no point. Hence why I do not believe a consolidation would even be likely.
And Even if Tim Hart says $30+ he said "+" .....That does not mean under $30 - it means over $30. So unlike Sector who continually misrepresents data AKK has not done this.
So I care little.
I still believe AKK will hit profitability at prices considered to be low cost and with the OPEC result upside on the 28th Sept I believe that will give AKK plenty of profitability in oil per barrel for the future.
So I do not owe Sector any apology - referencing your work like Cmmon has just done should be expected and not something I should have to apologise for once finally done.
AKK Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
