Not sure how many are still following this bad boy.... But for those who are can someone please explain to me the following:
How can AKK's market cap be at only 8 million. They have not only had to purchase the rights to the acreage but also pumped in millions to get their wells producing... Not only have they done this but they have their nice little road ready at the Pathfinder site... Also costing alot! They are currently de-risking the site so to help make any future financing arrangements more likely... It seems to me that worste case scenario for AKK is that they are forced to liquidate all acrage... However I imagine they are going to receive far more then 8Mil after cost of sale for these sights which would see a jump in the SP obviously?
So my real question is.... Can anyone explain to me why what I believe is worst case scenario would result in a positive movement in SP ??
Please provide me with some wisdom as all I see is a cheap oil stock that isn't seeing any buying as everyone else is trying to make a few bucks elsewhere before oil recovers...
AKK Price at posting:
2.4¢ Sentiment: Hold Disclosure: Held