Gassed, its not really possible to have a meaningful discussion about that volume on Friday. It could be any one of a number of scenarios. You suggest its a buyer, but it could equally be Patersons who are leading the raising for AKK buying and selling shares between accounts to make it look like volume demand. That's not what Im suggesting it is, the point is we will never know so it would be pure speculation. Better to focus on:
1. What should be known (IP rates from those 3 wells)
2. Will they raise the cash they need from this priority offer, and
3. What is their plan to fund drilling new wells going forward
All else is diversionary fluff, imo.
Cheers, Sharks.
AKK Price at posting:
0.6¢ Sentiment: None Disclosure: Not Held
