AOK 0.00% 0.3¢ australian oil company limited.

austex presenting wed in sydney, page-8

  1. 236 Posts.
    The Point is that promotion is necessary in order to generate interest from new investors as well as to keep the old ones interested and confident. More interested parties means more demand, means higher share price for us all.
    As another poster also mentioned it also means that we are less likely to get taken over at a grossly undervalued price.
    One of the key risks I see with AOK is that we could get taken over in the early stages before we've all had a chance to make a multi-bagger. This happened to me with ADI, they were taken over by AWE and I made some money, but AWE made LOTS more and got a super bargain.
    The CR was undersubscibed and it will be great if the shortfall is taken up in full as well as more money in the coffers now means more drilling before we'll need more cash.
    As soon as the dust settles post CR I fully expect the share price to bounce, esp if the positive results keep coming, and there is no reason to believe it wont.
    This is a clear BUY now and strong BUY once professional investors have made their quick cash
 
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