Normal
Encouraging volume today, theres a little hurdle to clear the 0.03c level but i think that is getting slowly picked up.As this stock is pretty thinly posted on in current times I thought I would add my thoughts , take it as an observation as what the company is trying to achieve.This is just a basic view, AKK have three potentially excellent projects, ( Yes, I know what could be in the ground is highly speculative - but like i said this is basic ).They are building a competent , experienced and aggressive management, They are cash flow postive from their humble operations, mind you , nothing ground breaking but they are delivering a cash flow.Here is where I think the market may be a little "holdish" back and that is that their recent cash raising whist being around the $8 - 10 mil mark may not seem adequate to meet AKK's current drilling ambitions.So. its like a case of the market saying " show me the (more of ) money !" to fund these three great projects cause maybe the $8mil you got is not enough?. Remember AKK will be striving to return 65% from their projects which is far far more than alot of the other peers in the industry. EMR/ETE have raised funds and so has SSN, AUT and EKA, then why could AKK not do the same. Given some of the results from other companys with a nearology to AKK's projects, EKA and ADE come to mind. Oil shale is a hot play atm.I'm not ramping this but only gving you my thoughts on the company you DYOR. And this will be post 90 a nice round number.
Encouraging volume today, theres a little hurdle to clear the 0.03c level but i think that is getting slowly picked up.
As this stock is pretty thinly posted on in current times I thought I would add my thoughts , take it as an observation as what the company is trying to achieve.
This is just a basic view, AKK have three potentially excellent projects, ( Yes, I know what could be in the ground is highly speculative - but like i said this is basic ).
They are building a competent , experienced and aggressive management, They are cash flow postive from their humble operations, mind you , nothing ground breaking but they are delivering a cash flow.
Here is where I think the market may be a little "holdish" back and that is that their recent cash raising whist being around the $8 - 10 mil mark may not seem adequate to meet AKK's current drilling ambitions.
So. its like a case of the market saying " show me the (more of ) money !" to fund these three great projects cause maybe the $8mil you got is not enough?. Remember AKK will be striving to return 65% from their projects which is far far more than alot of the other peers in the industry. EMR/ETE have raised funds and so has SSN, AUT and EKA, then why could AKK not do the same. Given some of the results from other companys with a nearology to AKK's projects, EKA and ADE come to mind. Oil shale is a hot play atm.
I'm not ramping this but only gving you my thoughts on the company you DYOR. And this will be post 90 a nice round number.
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