Exactly what I have been saying for 6 months has happened. Pathfinder has dragged the company down because it not production tested yet. So no bank will go near it. Banks are only interested in birch , and only a small amount to continue drilling, and as production grows, the bank will fund more wells.
I think it's time management had a good hard look at themselves and question whether it was good judgement to go after a big debt facility when the company wasn't definitely ready. Have management got bang for buck with the 30m + in cap raises the last couple years. Are they wealth destroyers or gainers for shareholders? Some have been on the board a while now. Even though many have contributed meaningful in akk's development, maybe it might me time for some new blood, with new ideas, new contacts, new way of operating.
Cap raise at 0.8 cent coming I feel.
to those that told me how wrong I was and I didn't know what I was talking about. Sit down and relax and learn from an expert. Once again I was right
