Poor announcement yesterday... Park city is the big card and now that its not working like it should, management have decided to spin a whole new portfolio, of existing and new projects... its smoke and mirrors now... Forget about Cooper basin... forget about south Australia... leave moses out of this... dont worry about polecat...
This is all about Park city...!
do the job right and this project is worth one dollar, dont do the job right and drift to 10cents... Why on Earth would they want to drill Cooper Basin when they cant even get Park city right? Kenny does not have a clue on what to do... you build up the production profile of the company and then pursue growth in other areas from cashflow (which in turn gives low downside to the SP upon failure)...
when company spins new projects its time to sell stock, on every occasion, not just with AKK... They spin you so hard, you end up where you started... Classic examples RRS, MEO, URA... you get into a company for a specific project, when that project does not work then you sell...This is true because. you end up holding a stock completely different from the one you intended on holding, a stock which is now not the one you invested into... Ive said all this before.... time to get out fellas... Im long gone... later...
AKK Price at posting:
17.0¢ Sentiment: Sell Disclosure: Not Held