Always hard with Cash Flow to match up cash flows with incurred expenses and the limited amount of info makes it that bit harder, so haven't gone there too closely.
The report (S3 & S4) has the numbers I was focusing on as regards the $4m ($2 cash and $2 facility) and the Q3 OX of $1m as regards having the potential to drill another round before the elks go roaming again (doesn't time fly...).
Just hypothesising that they may have two throws of the dice and are not 100% dependent on the current drilling flow rates.
But if the flows are good, that will open up some options for more funds to continue to develop alone via CR, JV or sell.
Pity POO has fallen over again and we're on the support level of $40 and is a long way off the $60+ forecasts for the end of year.
AKK Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
