Drilling Intersects 240m of Oil, page-90

From the quarterly.

They had $160k + say net $1.7m
Forecast is $1m this quarter for admin, exp, and exploration.

We are 5 weeks from end of this Q.
Be lucky if they have $400k by end July.

Asset sales prior cleared debt + some of this raise into convert payback.


Yes, options $ are there, so are over 450m options giving AKK back to the good ol days of 1.3b SOI with more money needed next Q (Q1 FY17).

Great trade, telegraphed it last Thursday to the day.

Money to be made, don't fall in love.