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0.3¢ austin exploration limited

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7,373 Posts.

51

06/12/16

12:13

Post #: 21135179
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Originally posted by gassed ↑

I've been calling these a "penny dreadful" which from my old days was a good description for AKK and I genuinely reckon that that's what they are worth. But, the market is still only valuing them at 7 tenths of a "penny" (.010).
On that basis, with another 82 million already having gone through so far, including 29 million on Chi-X, and with what we already know, including this morning's update,I'm satisfied that AKK and AKKOA are undervalued on my criteria.
With a conversion of .006 for the oppies, "my value" for those is .004.
So, I'm into both for at least a mid term trip to see how far they can go this time.
I reckon that they ARE a far more reasonable proposition this time than what we put up with in that previous period and am happy to go along for the ride.

The price of gas in the US has jumped quite significantly lately and even hitting around US$3.50 per million BTUs.
I million BTUs is the equivalent of 1,000 cubic feet, so, 1million CF per day would equal 1,000,000,000 BTU's, or around US$3,500 per day (based on US$3.50)

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gassed, could we multiply that for the 3 wells if the market is there , we then become a commodity company following the nat gas pricing !

AKK Price at posting: 0.7¢ Sentiment: Buy Disclosure: Held
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