AKK 0.00% 0.3¢ austin exploration limited

Post Consolidation, page-79

  1. 2,647 Posts.
    My reasons for selling like you say had nothing to do with the price of oil. For me it was a trading opportunity to sell. The shares had gone up way too quick and where in bubble. I can recon bubbles when I see them. Did I sell at the top, no I didn't, that's hard to do. Normally what happens after a bubble is the shares go back to what it was previously. As you can see the oil price has had an effect and the shares are trading below previous levels.

    as for debt funding. I was the only one to say they would struggle to get it, and in the first week of there time period of possibly getting a debt deal is when I sold. I thought to my self after 90 days if a deal can't be struct then akk will find it extremely hard to get one on favourable terms. And that's what transpired. I'm sorry if you can't see that. Let this be a lesson to you. If akk teaches one thing in life it's not to be greedy profit is profit, and it quickly can turn into big losses. This is the spec area of markets, yes it's way more exciting, but it's very risky and you can lose alot of money as well as making it pretty quick
 
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Currently unlisted public company.

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