AKK austin exploration limited

who does this, page-4

  1. 9,544 Posts.
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    I agree it is a tough ask to see the oppies getting exercised.

    Wouldn't write off the oppies just yet however. Directors can move heaven and earth to get the oppies exercised. MNM was languishing in the three cents and their oppies MNMOA were destined to expire worthless just a few days before expiry date at an exercise price of 7c. Within a matter of weeks if not days, the company's share price reached the 20c region for no real apparent reason that had not been known before and the oppies got fully exercised. I am sure as hell they got a broker to pump up the price. At least one of the directors snaffled the unexercised oppies and exercised them for a multibagger profit although I am not sure whether he cashed out his converted shares because that's the only time you can claim to have made a profit.

    Like I said before, I have seen garbage stocks trade at market caps which are a multiple of AKK's and don't have a single cent coming in as revenue. AKK's got production and money coming in. They say share prices are based purely on speculation and not what has actually happened. Maybe the traders are not seeing any further good news to speculate into until Bombing Range and Pel are back in play?
 
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