Cmon
Perhaps Math drilling has to be paid a couple of hundred thousand more to evaluate. It would be worth while to do the exercise and calculate how much has Been paid to related parties of the last couple of years. I note that Column always has a 10s of thousands of costs but despite AKK only generating 4 k they still feel it not material to provide details.
A few months ago when I spoke to the MD , he was very clear - no debt he said , as they had a bad experience last time . Now that the equity markets have clued onto the perpetual raising a, how do you divert the focus that even if the priority offer suceeds they will have no money to drill , what do we do , we talk debt !
Cmonaussie
Not worth the effort to go into detail - the story is clearer when simplified
Annual Revenue 4 k
Costs 4 m
Money to drill zero
Case closed
AKK Price at posting:
0.6¢ Sentiment: None Disclosure: Not Held
