Below is two charts. The first is AKK showing the decline in share price at the same time XAO also declined. The dates are marked with a vertical line on each chart.
The decline in share price has zero to do with AKK, Richard Cottee or any other made up problem with the last announcment.
Also to expect a separate announcment that the Mississippi well has been spudded is really a bit of a joke... I would take a punt, and others have hinted at this, that AKK is trying to be a bit more professional about how they report things. In other words, they're not reporting every little thing that happens. There is some big drilling in the pipeline and I'd say they're saving any announcment for when they actually have something to announce.
And it happens time and time again, when the broader market, and therefore individual stocks go down, the blame game comes out. I've heard it all this week from "it's Richard Cottee's fault" to "they're hiding the Taylor Sands flow rates" to "they're twisting the Kruger #1 flow rates".
Poppycock.
At least check the broader market before making these kind of accusations...
AKK Price at posting:
2.0¢ Sentiment: LT Buy Disclosure: Held
