More than happy with what AKK is doing operationally, financially, technical skills, etc., but the nature of small caps and speccies is the SP drifts down on no news, just the way it is. I guess the assumption is if no news is released there is no news, bad news or nothing is happening. From releases and presentations we have an expectation that something is happening or going to happen, but left in the situation the market is thinking "no news, bad news or nothing is happening". In the league we play in there is an expectation of an update e.g. "Site preparations have begun for ...., Rig delayed due to...., Rig on site expecting to spud...., etc. I'd suggest even for larger SH's and institutions a robust SP and solid floor is important, at the moment we are just drifting.
AKK Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held