If they find an alternative solution ie: acquire an already producing field that can be profitable at these levels then they will most likely survive. Also, there are too many wealthy investors with a large exposure to AKK. How do i know this? Brokers continually tell me that many investors still hold, some substantial holders still hold on average at above 50 cents.
If they don't acquire a "producing field" then they are finished.
At the moment the momentum is towards purchasing an existing field that is profitable.
I agree.
AKK Price at posting:
4.2¢ Sentiment: Hold Disclosure: Held