AKK 0.00% 0.3¢ austin exploration limited

Prospectus to raise $100, page-7

  1. 2,974 Posts.
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    AKK has 372m shares, trading at .008, that's about $3m in value

    Current assets
    11 thousand plus acres in Colorado $? (my guess $2.5m)
    Mississippi property and 5 working wells $? (my guess $500,000 per well = $ 2.5m plus property $1.5m)
    Texas sale of property $1.5m (from ASX Announcement )

    Current liabilities
    Debt facility of $2m (of which $1.75 has been used) (from cash flow announcement)

    Current value of AKK approx $5.75m (based on my guesses)
    That equates to SP of 1.6cents

    If others have actual asset values I would really like to see them.
 
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Currently unlisted public company.

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