the recent announcement about the BFS mentioned funding Column 1...

the recent announcement about the BFS mentioned funding

	Column 1
1	BFS progressing well alongside development planning, approvals, funding and off-take negotiations

this funding is extremely crucial for AKA because the AKA shareholding register is not of the kind that can facilitate shareholder funding via share purchase plans (since the large shareholders probably since won't chip in their portion)

a sophisticated capital raising via a broker probably can only be done at a low price

so, imo, the only good option is an industry development partner or cornerstone investor. this takes time & this will test what Iggy Tan is able to do (because if this project has the worth Iggy infers he should be able to raise the BFS capital at at least 10 cents a share rather than say 5 cents)

AKA do have enough near term cash. the AKA market cap at 5 cents is $6m and at 10 cents $11m

imo, the Iggy Tan plan has the potential to transform AKA into a $300m company so, imo, they should aim to secure a funder at a premium to the current share price

I luckily sold options in PEK just prior to their funding agreement because I sensed their funding deal would be at a low price (which it was) and would massively dilute the share register (which it did).

however, with AKA, I believe such dilution can be avoided since the AKA market cap is so low in relation to its potential

its all up to Iggy Tan. he is the man in charge of it all !