I can't say I'm overly excited by the prospect of further capital raising activities. The recent history has shown that incoming funds haven't really generated shareholder value as promised... however there is still time for that to change with their current activities.
Does anyone know how much of the 15% placement cap they have available? if all, this could be up to 270m shares issued (or thereabouts)...
As always, it depends on where the shares are headed, AKK have so far struggled to find a cornerstone investor - if this issue of shares is to one then it is great news, if it goes to SI's then maybe not so good!
AKK Price at posting:
1.3¢ Sentiment: LT Buy Disclosure: Held
