AKK
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0.00% 0.3¢ austin exploration limited

Ann: Update - Consolidation/Split - AKK, page-24

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  1. Sector
    19,194 Posts.
    lightbulb Created with Sketch. 598
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    21/05/17
    14:56
    Post #: 24819666
    If they get $5m from a bank with good terms, I'd change my sentiment to hold...from .003c

    Somehow, I find it very hard to believe they will pull off such a number with existing production and performance of last 3 wells (with A$3m spent) + G&A further A$1.5m.

    Ie: even $5m over next 18 months would only achieve what they currently have managed...and now they have debt again.
    AKK Price at posting: 0.3¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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