I think the market usually gets it right long term
Spec stocks are built on that speculation they have wild swings on limited information based on speculative reasoning
If the view holds that the market has been getting this systematically right riddle me this - two weeks ago the SP was 3.3c yet we have had two stronger announcements - sure the market could have been wrong two weeks ago but that is the point...it was either wrong then or wrong now
Even if you said it was right two weeks ago and then discounted back to 2.3c as there was clarification on flow rates etc. explain why it was over 4c three months ago with virtual total speculation on the land holdings?????
For what it is worth I think AKK is worth more the 35mill on the information that I have read on ASX announcements - and even if it is about right now - which is a distinct possibility, what really matters is the growth profile - the speed it can increase in value with deriding - that is where $ are made...
AKK Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held
