AKK has 372m shares, trading at .008, that's about $3m in value
Current assets
11 thousand plus acres in Colorado $? (my guess $2.5m)
Mississippi property and 5 working wells $? (my guess $500,000 per well = $ 2.5m plus property $1.5m)
Texas sale of property $1.5m (from ASX Announcement )
Current liabilities
Debt facility of $2m (of which $1.75 has been used) (from cash flow announcement)
Current value of AKK approx $5.75m (based on my guesses)
That equates to SP of 1.6cents
If others have actual asset values I would really like to see them.
AKK Price at posting:
0.8¢ Sentiment: None Disclosure: Held