Don't worry Junior
AKK will have 4 billion shares before to long. Also, if you assess cash burn of 88e relative toits market cap, their cash burn rate is much lower than AKKs. Now junior at 2oc per share we are talking about a fully diluted market cap of about 266m dollars. Is that what AKK s worth? This is what kills me we this thread , logical arguments and real observations are attacked as downramping, were baseless posts that contain ridiculous statements are just fine and dandy. 20c cents a share when they haven't got the money to even drill another well and as yet have earned a cracker for dripping oil, squirting oil, gushing oil, pipe filling oil, green oil , high pressure gas, gas to be sold via pipeline etc etc etc
whisky - you talk about people learning from past lessons , all that comes to mind is BCC, cant say you have learned too much
Here is the thing about AKK, the truth takes time to be revealed, it goes something like this
1. make some colourful ann about oil discovered, sloshing , splashing , spurting , squirting, natural flow etc
2 follow up by an IP rate that is Boe one has no idea whether is 80% gas and 20% oil of vice versa
3 raise money of the back of the urgent need to develop this world class low cost project
4 go silent
5 release quarterly that shows not making money to cover expenses
6 make another announcement about being world class, new acreage , positive cash flow , then raise money again
7 Release another quartlery report that shows wells are dribbling oil or not producing at all
The above is how it goes, but one must be around for about a the full cycle to appreciate it
Bruutz, a love the new term " a pre-announcement announcement " Yet again Gold !!
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