In research reports published late last year GMP Securities had a target SP of 30 cents whilst RBS Morgans had an upper target of 32 cents. Every time some good news is released the SP drops.Go figure! With over 240 million shares traded in last 12 months volumes have been robust most days and there is obviously strong buyer interest. Has AOK become a plaything for day traders who just want to bounce the stock up and down to make 1 - 2 cents every other day? What does the company have to do to get closer to the SP target of around 30 cents. Is it 1000 boed/average, is it more acreage around Snake River or something else? AOK seems to be doing all the right things with growing production, increasing reserves and a sound financial position to fund more drilling. If any of you clever posters out there can explain where the conspiracy is I would be most appreciative?
AOK Price at posting:
13.5¢ Sentiment: LT Buy Disclosure: Held
