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0.3¢ austin exploration limited

Marco Polo Well drilling, page-5

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Aussierat

7,371 Posts.

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26/08/16

09:37

Post #: 18701424
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Originally posted by Autosime ↑

Ok Folks
I note increase coverage being the oil rush article and now the interview. Add that to the fact they will have only 500k in cash and I can almost guarantee another CR by the end of Nov . Most likely will come just after the flow test ann where they will talk a lot about future development - 300 wells etc . WhAt price will the next CR be at .5 or .6 .
Anyone if welcome to keep this post and throw it in my face if no CR eventuates within this time frame

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Autosime - The CR will be necessary as per most companies in the ASX, standard approach to get a company cash to move forward. There are flow on effects and each trader must consider this at the time

AKK Price at posting: 0.7¢ Sentiment: Buy Disclosure: Held
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