AKK 0.00% 0.3¢ austin exploration limited

The oil rout is not just an AKK issue and will probably take...

  1. 48 Posts.
    The oil rout is not just an AKK issue and will probably take years to see any meaningful uptick. Given such a low price oil environment, I suspect there will be a reasonable possibility they will need to raise funds via a rights issue to not only grow but survive. Refer the following...
    Flatlining prices

    Both Mr Williams and Mr Padowitz said they expected commodity prices to flatline for years, with the first likely uptick to be oil in 2017 or later.
    Mr William said the only commodity companies he might look at investing in within the next few years would be oil companies, provided they had reduced costs significantly.

    http://www.smh.com.au/business/mark...of-slowing-global-growth-20150728-gim025.html
 
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Currently unlisted public company.

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