AKK 0.00% 0.3¢ austin exploration limited

potential billion dollar company, page-6

  1. 585 Posts.
    Not entirely sure where they get 1 billion from however given the significant amount of news flow coming through I suspect we're likely to see the price move higher in the short to medium term.

    Debt funding will be interesting - I can't see any banks fully funding AKK's drilling commitments going forward however I guess that the other factor to consider is that with a few wells coming into production and consequently the company earning income perhaps a bank would consider providing a revolver type facility that can be drawn down to fund drilling and then be paid back by an ever increasing production profile for AKK.

    I don't think we're out of the woods yet however credit where credit's due - the stars appear to be aligning for AKK.
 
watchlist Created with Sketch. Add AKK (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.