I like the support at 5cents. I also like this level for this is within ATN's upward channel(Though at the bottom of the channel). Will try and post a chart later (At work)
However, The company has to release information to the market, its getting ridiculous. Even if they tell us that rig is at port or is lost in sea or whatever -- confirmation is very important.
Malay - I am aware that doing business in indonesia is slow, but I guess ATN management should have taken that into account, before commiting to earlier dates of mid-to late April.
I mean by now the market was expecting drilling to begin, and first drill results to be in by June/July. This is more looking like August/September, if the rig starts drilling by end of week.
I am hoping that someone would be kinda enough to call the company and ask them what's going on...
Thanks in advance, here's hoping an announcement comes out straight after I finish typing this@!!!
Cheers mayo
ATN Price at posting:
4.9¢ Sentiment: LT Buy Disclosure: Held