Tilleydog AOK, which i have held in the past reminds me of another share i had. Mosaic oil.
They were doing similar things, small targets, gradually increasing production, although MOS was more gas than oil.
The MOS SP floated around 10 and 25 cents over a period of years and like you i always thought it would take off like AOK.
Eventually it was taken over after i got out, for under 20 cents from memory by AGL i think.
I rate AOK the same.
AOK at 11.5 is at its lows i reckon and at that price is a very good buy.
So if you can wait another 12 months i reckon it could go to 16/20 cents in that timeframe or if one of the larger companies in the area see value in taking it over then that might be another option.
MOS had a lot over infrastructure though which made them more appealing for a takeover.
But in the end its what price you want to take when you decide to sell that matters.
AOK Price at posting:
11.5¢ Sentiment: ST Buy Disclosure: Not Held
