If flow rates come out in a month then the stock will do very little in at least 2.5 weeks. Being a speculative stock that's just how it is. Probably get some speculation about 3-4 days to the "anticipation" of news. If flow rate can be 1000bopd or more then breakout would occur. The independent report (supposedly) talks of 800bopd initially.
If there is someone accumulating then there is no need to "run" the stock quickly as they have time to get set.
On the buy/sell column have to agree with ByronB. 3.3c is currently a strong resistance and 3.2c is just holding on. Also the buyers at 3.2c looks like a cluster of retail buyers. If there is one 2.5-3m unit that sells at market expect 3.2c to become the next selling line. If 3.3c can be held for a week (next 5 trading days) then most likely 3.3c will be a new base.
As for those who talk of the "Richard Cottee" effect ... this is now old news. No one cares anymore. Its now old news. The traders had their time trading AKK on this.
AKK Price at posting:
3.2¢ Sentiment: None Disclosure: Held
