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Gold/Mining/Energy : ARAKIS: HIGH RISK OIL PLAY (AKSEF)
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To: Larry Brubaker who wrote (7629)1/15/1998 4:07:00 AM
From: Edward M. Zettlemoyer  Read Replies (1) of 9164
 
Larry, <Obviously, the next hurdle for Arakis is to secure financing for the remainder of their share of the capital expenditures. My guess is that the stock will do little until that question is answered.> I strongly agree with your insight, I think you hit the nail square on the head. This project is making progress but until the question of the remaining financing is answered, the formula to determine a valuation for AKSEF is still a spinning wheel of numbers, i.e. any more stock dilution and how much. Once the remaining financing is settled and the statistics to give AKSEF a more clear valuation are on the table I believe we will see more investment activity from the institutional community. Ed
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