The commitment akk has made, is to make pathfinder cashflow positive for shareholders by completing and flow testing the numerous pathfinder wells. You need money for that, either debt or a capital raise. The debt is late, so the cap raise comes into play. Akk have a specific time period for the debt facility, that has expired, so one can assume the debt facility isn't coming. I haven't seen an announcement from the company explaining what's happening, so I assume its not coming now.
AKK Price at posting:
2.0¢ Sentiment: Sell Disclosure: Held
