If they are raising 3.2m for an income of (52 barrels @ $50.95 (today) = 2649.4 ex costs) = 932588.8 pa
3.2m in the bank @ 3% = 96000 per annum
Compared with
52 barrels a day @ $50.95 (current) = 932588.8 per annum
Wouldnt they be better off just banking the 3.2m or slightly less for a better PA income?
Bad maths on my part? Just curious.
AKK Price at posting:
0.6¢ Sentiment: None Disclosure: Not Held
