Yes, pure folly looking at SP, and not MCap and % gain or loss.
Just more smoke and mirrors.
The SP is abysmal due to the constant capital raisings and discounts and free options
But this is the most obvious No Idea to me
within 3 months...
1. CEO T Hart said profitable at $30 on radio interview
2. Exec Chair said highly profitable at $40 in ASX ann
3. AKK recent presentation slide puts G&A per barrel at circa $38.
Seriously, how can anyone actually make an investment based on that lot?
They don't know, it's all assumptions or guesswork to be so far out.
GIVEN, AKK do not tell you the rocky discount for their OIL or use NRI in NPV calc.
If you don't know what NRI is, then look it up as you shouldn't be investing in junior O&G yet.
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