The constant rise has been going on for a while, but has really kicked in since the Jampang announcements. I originally wrote it all off as a pre Cap raising pump and sold off some very small parcels to get free carried. But not so sure what the deal is now. It is gonna come down to what we see out the company first. IMHO: 1. Cap raising = a pump, and I bet no current holders will be interested (I wont), share price carnage will ensue. 2. Good News = a leaky ship, good times for anyone who has been holding a while
I am hoping we do see some good news followed by a SMALL placement at a decent price. I probably still wont buy unless the news is a blinder, as my complete holding is all under about 3c.
AUK Price at posting:
21.0¢ Sentiment: None Disclosure: Held