If the management of the AKK knew the results of the flow rates ....they would have to disclose the results.
They were presented with a dilemma
Richard Cottee needs LOTS OF MOOOOOOONEY to work his magic.
If they test the flow rates and they are good:
Yes we could have raised more money for less shares
But what if the flow rates were not that good....then back to 2c !!! Cap raising at 2c sucks!!! very difficult to get off the ground!!!
So the SAFE WAY of doing it is to announce Richard Cottee's arrival and then cap raise without testing the flow rates
Now that the cap raising is out of the way...there is no way there is going to be lousy flow rates in all 11 drills and horizontal fracking !!!
So effectively the decision was EXCELLENT and well carried out !!!
When the general market hears what we have done and achieved ...they are going to be astounded ...and sit up and take note...
Then we will see what we are really worth!!!
Cheers
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