AKK 0.00% 0.3¢ austin exploration limited

Ann: Chairman & CEO AGM Address, page-15

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  1. 22,242 Posts.
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    "But time will tell with these initial 3 wells whether will validate the single well economics." That's exactly where we are now, until we see those two numbers it is all speculation. The critics might be proven to be right, but, those who have punted/invested on this stock know the risks and if they don't sell now and take the "advice" from the three critics then they assume full responsibility for their decision.
    IMO, it is now all about trust, we effectively have a new top management and on HC it is taking the words of those people against the words of the critics on HC. One group will be right, it's up to punters/investors to make that determination.
    "Average" flows from these two wells should encourage management to proceed with their programme. Those numbers will not excite the punters, so, unless there is something "above average" in those numbers don't expect any spectacular (someone's word the other day) reaction to the SP, but, could represent an opportunity for the "believers" to still get in at these low prices with some hard evidence to support their decisions. Soon know.
 
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