Correction - (if exercise price of 0.006 is above* market price...

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JohnnyBoy1

7 Posts.

13/12/16

16:24

Post #: 21306776
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Originally posted by JohnnyBoy1 ↑

I am in both but heavily into AKKOA given the leverage that is created by acquiring options if this thing takes off. However, if it doesn't take off you could lose all of your investment (if exercise price of 0.006 is below market price at expiry) which you are less likely to do (although still possible) in AKK unless it goes belly up.

Having said that this is a high risk play, don't put in what you can't afford to lose. There are real and valid significant risks that have been pointed out by many others such as Auto and cmon that you need to factor into you assessment, not the least of which is where are they going to get the money to drill??? The continuous capital raising in a short space of time looks really bad. Raising money to pay management is a real issue. But what would management's financial position be if this takes off? I believe that they are incentivised and it is in their interests to make this work.

I figure they have about 2.5 years to sort it out (about the option expiry period) and I would expect that significant progress is made somehow in that period. If they do it will pay off handsomely at the current AKKOA price, if not you could lose all that is invested and you must be prepared for that.

At this stage I am in at least until around the option expiry period with money I am prepared to lose.

Good luck!

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Correction - (if exercise price of 0.006 is above* market price at expiry)

AKK Price at posting: 0.5¢ Sentiment: Hold Disclosure: Held
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Correction - (if exercise price of 0.006 is above* market price...

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