AKK austin exploration limited

Ann: Funding Update, page-50

  1. 1,340 Posts.
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    You have spent the last few months going on and on about how critical it was management to secure the debt funding, now you "question whether it was good judgement to go after a big debt facility when the company wasn't definitely ready." You are entitled to your opinion just as much of the next man, but maybe keep your theories consistent ? That way you're not contradicting yourself. I understand you have your own agenda, gods knows what it is. AKK has you intrigued no doubt, you should grow a pair and open a position.

    "to those that told me how wrong I was and I didn't know what I was talking about. Sit dotwn and relax and learn from an expert. Once again I was right" You weren't wrong but you certainly didn't know what you were talking about. Guessing the direction a Penny stock will move is just speculation not expertise. Don't get too ahead of yourself.

    I have been long AKK for about a year now. Management I hope has a clear strategy on how they are going to deliver shareholder value. If they could be more clear in their long-term objectives it would increase investor confidence but they have achieved multiple milestones in the last year, and the fact they are now cash flow positive is significant. In the short-term, AKK is not very attractive with the POO at it's current prices. Once POO makes it's way north $100/Barrel (My guess is late 2015/ Early 2016), AKK at it's current price will look very cheap.

    The market takes no prisoners in the O&G sector, and AKK price will fluctuate considerably. I think the market is especially harsh to AKK; though it could be considered justified based on their past performance; but the company is debatably the strongest it has ever been. If you enter with a small time horizon you are in for a bumpy ride. This is all speculation, as we lack perfect information but in my eyes AKK is worth the punt.

    Cmon Aussie, Whiskey, Sector leader and/or Shelcom, Four opinions on HC that i respect, I was wondering if you had any thoughts on where you see growth occurring for AKK ? Is there a possibility of new proven reserves at the Birch property ? Could you speculate at all of the potential revenue or P&L of a drilling campaign within the Birch property? Thanks for any responses

    Cheers,
 
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