well anything over .10cps is a start but being realistic that values the company in and above $57m. now that figure is fine for forward planning with a few drills under the belt producing the BOPD that they are hoping for. but to ask a company to pay that on what they have now - no chance.
a copy of the email i sent is below, the fear i have is in the last paragraph - selling pel 105 at a premium to beach. Perhaps Guy cant comment due to ongoing negotiations.
"Hi guy.
An exciting time at AKK. With regard to the Beach T/O of ADE do you see this in any way having a negative affect on the joint venture to drill pel 105.
With some talk of the T/O being solely to gain control of ADE cooper basin portfolio, would there now be a danger AKK will become the centre of a unwanted T/O offer by Beach as well. Has the company a current valuation on the pel 105 tenement and has it been considered to sell the rights to pel 105 to finance current and future drills in the USA.
Best of luck with the current drill.
Eamon Mcgreal"
AKK Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held
