Majority of the trades will be from traders and short term investors.
Just remember that if you buy 1m and sell 1m units for one pip in a day then you account for 2m units in the day. Position is still zero.
A long as the volume can be high for the coming days (if it can do 50-75m+ on a no news day) then I can see AKK in the green.
With AKK doing 2 Horizontal at Colorado and another horizontal in Texas (picking the best of the 3 verticals) would this equate to AKK doing another capital raising soon? Each Horizontal well would be say $6m each. Since their last placement of $25m they have done the 2 verticals at Texas, one at Mississippi. Each Vertical would be $1-$1.5m so here is another $4m. Add in administration and AKK would be once again low on cash by year end.
Just hoping that they do not raise money before the Pathinder results are out.
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- akk also hold 50% of pel 105 - cooper b shale
akk also hold 50% of pel 105 - cooper b shale, page-44
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