AKK 0.00% 0.3¢ austin exploration limited

@bruutz82 ... you are describing a share split. A consolidation...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,528 Posts.
    lightbulb Created with Sketch. 89
    @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.





 
watchlist Created with Sketch. Add AKK (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.