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Fundamental Financial Analysis, page-37

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35,472 Posts.

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19/08/16

09:49

Post #: 18555474
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Originally posted by RedTick ↑

Looks like a lot of people have been burnt by AKK....
I'm new to this share trading and could be completely wrong but looking at what they have done over the last 7 or so months it looks like this is their last ditch effort to make something of AKK.
They have sold off a lot of other property and interest to become debt free - good move right?
Using in house sources to get drilling underway. The drilling rigs they have access to for 12 months at a reduced cost, the guy that owns them must be expecting to get something in return in the long run and must think its worth it right?
A lot of people have talked about bad management but they have just got a new chairman and CEO, so that must be good right?
It is pretty concerning though they made such a big deal about the first well hitting oil and have made no noise on the other two wells.... looks like they could be dry aye?
Me and a couple of guys in my office just dip our toes in this share trading stuff for a bit of fun and banter but I picked this stock and told them to get in haha so Sector and cmmonaussie tell me what you think the chances are of this stock going to say 1.4cents?

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Think Cmon has covered off everything factually and nicely. It's a traders punt.

I have also said late 2015/ early 2016, quality companies have been smashed in this Oil downturn...so why buy junk. Poster asked me "like what"

I said SXY. 180% run in first half 2016.

AKK, Cr machine for the odd P&D.
Sure, will happen again no doubt. just beware of it.

AKK Price at posting: 0.6¢ Sentiment: Sell Disclosure: Not Held
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Fundamental Financial Analysis, page-37

Top Stories

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Buxton projects new graphite province discovery at WA Narryer play

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

BCI reaches close of funding facility for salt-first part of Mardie project

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

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