AKK 0.00% 0.3¢ austin exploration limited

'not a single share sold today...'I think this is both highly...

  1. 1,304 Posts.
    'not a single share sold today...'

    I think this is both highly encouraging and significant. Although AKK should by its volumetric characterisics, be traded to hell, a clear shift in sentiment is evident. The prognosis for sustainable SP upside is always better when its a natural and gradual process, rather than

    When these trading bottlenecks occur, and they are quite rare at this end of the market, to me its an indicator of upside expectation even/especially within the trading community, rather than just the P&D tango.

    It may in fact be that results are not available for a little while, and the main reason for this is that a major like Halcon may not necessarily report immediately, every oily smear on the drill bit, or elevated gas levels etc on every well. like a junior oiler would. They'll finish the well to completion and present comprehensive results, free of hyperbole (think back to '40' gas flares' etc or releases timed to support a flagging SP etc. Also, they are the operator.

    This stock IMO is now underpinned by both FA and TA.
 
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