Geez there's a lot of self pity on these forums. Lets get some perspective here.
AOK announced their first well at Snake River on 15/8/11. Since then:
AOK: 0.08 (Aug 2011) ---> 0.12 (now) +50%
Compared to its immediate peers:
RFE: 0.42 (Aug 2011) ---> 0.475 (now) +13%
SEA: 0.60 (Aug 2011) ---> 0.93.5 (now) +56%
Compared to the wider market:
ASX 200: 4100 (Aug 2011) ---> 4800 (now) +17%
BHP: 37.5 (Aug 2011) ---> 31.0 (now) -17%
CBA: 46.0 (Aug 2011) ---> 69.0 (now) +50%
TLS: 3.07 (Aug 2011) ---> 4.79 (now) +56%
WPL: 36.0 (Aug 2011) ---> 36.0 (now) +0%
Compared with the pros:
http://au.investsmart.com.au/managed-funds/top-managed-funds.asp
They have executed their stated plan. They have been lucky enough to hit very consistent wells. They have had quarter on quarter increases in production and revenue. They are increasingly being funded through cash flow rather than capital injections.
The pull back in the price is largely due to the market becoming risk averse. The Bulls have left the building and have taken their optimistic pricing with them. Mr Market will only pay for achievements not projections. The best way for AOK to impress those currently willing to buy is to provide hard numbers through improving operations. Short term fluctuations aside, they are doing just that.
AOK is currently producing in the 500-600 range and they are being valued accordingly. When production and revenues go up, Mr Market will adjust accordingly. Management's job is to get the job done and communicate it effectively. It's not to achieve a bullet proof share chart which ignores macro factors. It's not to pander to traders looking for a quick buck.
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.833M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 20333665 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 11154288 | 7 |
Last trade - 10.00am 18/11/2024 (20 minute delay) ? |
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