Let's just see what was behind Friday's 100 million turnover and that, hopefully, will provide us with more pieces to this puzzle upon which we can conduct a serious and logical discussion.
People are just bored with "arguments" based upon guesswork. There is simply not enough data available to warrant a logical discussion upon which definitive conclusions can be drawn. Those posters that you are talking about are simply throwing up negative opinions on their theoretical views. Let's see some real meat before we get too carried away. So far we have just one well!!!!
I can't see how the market will take some blown our reserves report with what data they have exposed so far, which the company says would be provided before 15 February and "might" be behind Friday's run.
My position all along has been about the very tight financial position this company has and how they expect to pay for the next 6-12 wells, when, out of the blue, they are prepared to pay $2 million for more land!!!
I'm prepared to wait to see if any more REAL light will be shed on that question and I definitely expect "something" well before the closing date of the P.O.
One thing that is being overlooked on the valid question of who would have been behind that volume on Friday (buyers, not sellers) who forked out $600K.
With the Priority Offer still open and the company screaming out for all the cash that they can get, they've even removed the maximum limit that people can subscribe for, a definite sign of desperation for mine, then doesn't that suggest that the buyers were neither existing shareholders or S.I.s who would have also received 1:4 free options and all that cash would have gone directly to the company?
Market might tell us more today if company doesn't.
AKK Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
