Bevter. I see AKK as something like Santiago in Hemingway's "The old man and the sea". I've seen it so often where a small mob, like AKK, catches this big whale (marlin with Santiago) but can't land it.
The ONLY thing that will "land" this for AKK and its shareholders is a sustainable and substantive plan to prove where they can fund ANY, not the 400+ that is being touted) wells. When and how is ALL I'm wanting to see, not how big is the whale.
I won't be contributing to the PO as I have made my position very clear, prove that they can fund it and then I might be interested, until then it's a ST punt for me.
Yet, I can see "opportunities' for the very keen punter to arbitrage between the market and the PO, but, the risk they run there is that they just "might" not get the PO shares, but, that would be a huge positive for genuine holders, an oversubscribed PO??!!
That reserves ann must be VERY close to being released and might "interest" newbies who know nothing else about AKK. Let's see.
AKK Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
