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0.3¢ austin exploration limited

Didnt they just take out of a loan of $860k? Looks like debt to...

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Big Kahuna 101

3,656 Posts.

265

16/05/17

16:55

Post #: 24723609
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Originally posted by orion123 ↑

The way I see it is that on the positive side the company has no debt and owns an oilfield of reasonable size that has 3 horizons capable of production and showing positive signs of a commercial resource.
On the negative side the oil field is largely untested and the company has no funds to progress itself. It's like owning a freight train loaded with freight ready to go but no money to buy fuel so it's stranded in the station. Depending on the size of the credit card they get to progress plus a few other factors they may or may not become profitable. It's akin to the stock market where an analyst was quoted as saying " The future of the stock market looks good, if it doesn't go up or down it'll stay steady" or nearly that. Personally I think taking many things into consideration AKK will mimic the stock market, howzat for a prediction? I'm also content to hold and enjoy all the comment--- some of which is highly informative-- and some that is not.

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Didnt they just take out of a loan of $860k?

Looks like debt to me.

AKK Price at posting: 0.4¢ Sentiment: Sell Disclosure: Not Held
2 Upvote

0 Great analysis

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