"Not a fully funded oil company"
LOL - I didn't say that either Auto. Cash will still be a problem very shortly (as in 8 weeks)
here's the tip from last week...
"STTCOMP AKK, FA Long
Austin Exploration - O&G unconventional US
.005c
SOI: 649m
(now 866m)
MCap: $3.2m
Cash: Circa $1m
I'll be very clear, I hate this stock long term, total STT on current drill, but I believe there is an 80% chance they'll hit oil
On that announcement, you'll be able to sell at 40-80%.
At 3000m, about 3 days until 4000TD, then max 1 week for result. Maybe even get an "oil shows" for 40%."
http://hotcopper.com.au/threads/sho...ting-16-may.2770831/page-511?post_id=17817369