ACN
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0.00% 28.5¢ acer energy limited

I disclose I am a cynic and a sceptic, but a very long term...

  1. bunclefester
    230 Posts.
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    12/04/12
    12:21
    Post #: 9970295
    I disclose I am a cynic and a sceptic, but a very long term holder of INP / ACN.

    The run up in Jan/Feb of this year was based on speculation something operationally was going to happen. It is now apparent nothing is going to happen, therefore it is quite reasonable for the sharp sell off in the last week or so.

    There is a high probability there won't be an imminent announcement as they are not doing anything operationally to require a price sensitive announcement be made to the market.

    ACN do however have lucrative acreage. Let them get on with reaping some value out of it.
    ACN Price at posting: 19.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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