Not saying its good, just saying need put in context. Sometimes its hard to value options. Here they are listed! The value is about $1.5m, that's negative value to ordinary shareholders and needs to be compared to market cap of $28m. Not sure what you mean about funding. Funding is not an issue for these guys compared to other micros. They are funded for a year of drilling. Valuation is not an issue either, they trade just above the cash balance. You want a discount to cash? Perhaps the quality of their assets is low. I don't have skills to understand that. They do seem to be having some success though with their drilling and the Cooper Basin JV by definition is worth more than half the enterprise value alone.
AKK Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
