Ann: Trading Halt-AKK.AX, page-22

They had cash, only a minimal amount. They have an agreement in place also for well completion (500k was it?) I don't believe they would have coin outside of that to fund wages and if required, beef up operations IF they were onto something.

This announcement is out earlier than I would have hoped/expected. The timing with reference to the time required to obtain accurate data from the latest Pierre cutting does not add up IF............ this raise was in fact to obtain funds in order to beef up operations because they were onto something good.

If they were looking at raising capital, one must assume they know exactly what is going on with Pierre right now.... if not, i am afraid the boys could be right and the timing from management of their anns is purely playing with investors to think otherwise.

I still hold a % of my original parcel so I am not taking sides here. I am responsible for my own actions yes