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Bullboard - Stock Discussion Forum Atikwa Resources Inc. V.ATK

An oil and natural gas company

TSXV:ATK - Post Discussion

View:
Post by funkshow33 on Jun 14, 2011 8:20am

insider

pretty small insider buy.  i would assume most insiders loaded up at the last financing in Feb.  This stock needs news soon.  It has always held 5 cents if it breaks that it could get rough.
Comment by Tizian on Jun 14, 2011 9:04am
Any insider buy is better then insider selling.
Comment by CravenRaven101 on Jun 14, 2011 9:41am
5000 bucks??? LOL...insider buys are a weak rationale to buy into a company at the best of times in my opinion... BUT... 100K shares at a nickel??? that almost smacks of desperation...I'd think about buying in at 2-3 cents... a nickel... far to rich for my tastesGLTA it's My opinion gity yer own
Comment by funkshow33 on Jun 14, 2011 3:01pm
They are producing approx. 100 BPD - thats works out to 3-4 million a year... at a nickel the company's value is 11 million... I would say it is under valued at current production.  Also, it is anticipated that they will bring on 2-4 more wells this year... Could end the year at 200-300 BPD.... Plus the gas assets....  Based on next years expected output, of 10-15 million ...more