AKK 0.00% 0.3¢ austin exploration limited

End of Day, page-16

  1. 2,851 Posts.
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    RC has to take some of the blame for the current SP drop as he is not fully informing the market.

    Its no good coming out and just saying the company is now cashflow positive without backing it up with some data.
    Personally I'd like to know what the current flow rates are and how much they have depleted since production started.
    Everyone knows these types of wells start off with high flow rates and produce heaps of cash but it all depends on what sort of stable rates they end up achieving.
    If they are high depletion rate wells the "cashflow positive position" will not last long.
    As they have limited funds to partake in drilling further wells a CR is highly likely unless the stabalised production rates are really good.
    The problem is only the company knows and they seem unwilling to inform the market.

    This is why punters are selling out as its just too risky based on very limited information.
    If things are all good then why not come out and give us all the detail we want to see.
 
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