AKK 0.00% 0.3¢ austin exploration limited

trading halt!!!, page-54

  1. 20,386 Posts.
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    no worries Shelcom.

    my point is simply will it be enough. last raising was supposedly to complete gas gathering pipeline but as far as i can see of the 1.7 million raised, almost all of that has gone to admin for last 6 months

    even if the projection of gas pathfinder revenue is correct ( 150k per month ) once one takes out all the costs, royalties etc works out NRI, that won't amount to even one quarters admin

    all is am saying is the companies operations costs are way to high, and its actual cash-flow won't be enough to make them cash flow positive, and thus more dilution will occur.

    have a crack and working out the true cash-flow oorm AKKs projects and you will see what i mean
 
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