AKO will need to raise funds in Jan or Feb of next year.
As I understand it we have enough in the bank to complete the studies and the drilling, and then publish the reports.
Given there have not been announcements I am assuming Paul is compiling the data from the studies as it comes in, which will hopefully mean a pretty quick turn around once the last study is completed.
With relation to our market cap, I agree that unless we have another "Top 5" shareholder liquidate their position like HSBC did, we should have a fairly solid foundation.
We hit a $0.15c low at the peak of the selling.
I am looking forward to the Annual Report, mostly for the updated Top 20.
There has been some news since the full maiden resource was announced (Satrokala, drilling and studies), but apart from the confirmed initial DSO resource size and the studies, I do not believe there is any other significant news that is outstanding.
I do not believe we are near going into administration. I think the biggest concern is excessive dilution from a raise at a low price should the share price not increase significantly off the back of the announcement.
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