In spite of this relatively positive ann today it still looks like that we will see further deterioration in sentiment.
The ann is rightly seen as opportunistic but the share price is modestly higher on very low turnover. The market depth is not looking particularly attractive at the moment and is i believe increasingly compromised by the lack of cash flow although the potential for this company still remains very high for the mid to long term.
The subsequent oil find and the expected further improvement in gas flows should provide further opportunities but it appears that the urgency to buy this stock now is very moderate.
Still remain a believer but i would hope that the sentiment is not all lost in the meantime while we wait for further news on developments.
AKK Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
