AKK
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0.00% 0.3¢ austin exploration limited

Smart accumulator. Sell down 10-20M to buy back 20-40M within...

  1. magic21
    161 Posts.
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    05/09/14
    14:46
    Post #: 13931414
    Smart accumulator. Sell down 10-20M to buy back 20-40M within 2.1-2.2 cent range.

    Fear and greed in play. Fear of debt funding. Greed of exponential growth.

    Just look back 1 year achievement, from kentuky production increase, JV with Halcon, reach 500 BOPD before shut in for building gas pipeline, JV with GPA for gas pipeline, and many more.

    If the debt funding term is not good, the company can find other source of funding, from premium CR, convertible note, etc. Sit tight, and accumulate more.

    DYOR. GLTA.
    AKK Price at posting: 2.1¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 16  Upvote
    lightbulb Created with Sketch.  Great analysis
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