They haven't spent any of their loan. In fact they have cash in the back
They have only drawn down $20 Million. The rest will be subject to increases in Reserves but has been negotiated with future needs in mind.
From a balance sheet (debt) point of view, AOK is doing very well.
I'm really annoyed at the share price but its similar to its peers (SEA down from 1.40 to 80, LNR down from 50+ to low 20's). So far AOK share price has actually increased over the last 12 months unlike most others. 14.5c is a kick in the guts, though !
OPEC conference this week. Production update in early December. Both potentially very big.
They haven't spent any of their loan. In fact they have cash in...
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