Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
The drilling success rate of the company is absolutely brilliant, loving this mornings news. Thank ye lord, they sure know how to keep shareholders on a cliffhanger!
Lol! Sorry, my crystall ball says only 20p by dec 31st :(
Correct Rob, now can you please predict that the share price reaches 50p by the end of the month, or in at least by 7th Dec. as I need some cash. Very much appreciated old bean. Have a great day all.
And there's the update, both hitting some nice payzones and both being put into production. Plus they're wanting another 4 production wells before year end. This company could become a monster once they fully develop the fields.
I bet we get Rns about thèse 2wells at once within a couple of days
Not been in here for a while but what are you talking about?
The BOD was granted loans that are to be repaid from future earnings, the loans are at Bank of Canada prime rates, this is not free money, why is that a disgrace?
There were 375k warrants o/s with a November deadline, all other warrants have been exercised, what is this millions talk?
The count is now 285m shares.
Canacol owns 21% they are holding, Tim owns 6% and has reduced slightly at 19p.
What is all this selling for months talk?
Parex Q3 Results / 8th November - Interesting to note that Colombia's largest Independent and AXL's Tapir Block neighbour is on schedule to increase production by around 3,330 bopd in 2023 - for which their Capex budget is expected to be between $450m and $475m.
Arrow is currently producing around 3,000 bopd, has a market cap of circa $62m and is expecting to increase production in 2024 by around 3,000 bopd (my estimate assuming the 11 well plan of mostly high performing horizontal wells at CN, and a general 15% field decline rate) for a capex budget of around $40m(my estimate).
On a development cost comparison per bopd of production - its makes AXL look a highly accretive acquisition target even at double or triple the current valuation.
Been through RNSs since IPO, cant see 1 single purchase on open market from the BOD
Millions to get through, the board getting loans was a disgrace. The price will be surprised for months
This selling could go on for months as the people who hold shares can still sell . DID not agree that the board got a loan to buy shares IMO THATS CRAFTY
THESE warrants have been pain axl should be on 30p
The company spudded Oso Pardo a week ago with their 2nd rig.
Oso pardo is 100% working interest and is a shallower field with a quicker turnaround than Rio Cravo and Carrizales Norte. Early wells produced several hundred bopd so with a bit of luck they will have some good results with these upcoming drills.
RCE-6 is also undergoing testing and results should be announced any time now.
Volumes are picking up nicely on both continents in light of yesterday announcement. Here is an exercpt from yesterday Auctus Advisors report update:
"We view the exercise of warrants and the resulting increase in interests in Arrow as a positive. The concern of investors having to sell shares to exercise their warrants had created an overhang on the share price that should dissipate with this announcement. "
And here is the CFO's update on the second rig that's been alluded to over the recent 2 months:
'The rig is being built up at Oso Pardo right now. It is still expected that both wells should be drilled and on production by the end of the year. Thanks Joe"
Next 2 months might be the time when Arrow gets recognized for its intrincic value, finally!
It really annoys me when companies do this. I do not buy shares and give them money so that they can lend my money to company executives to exercise their warrants so they can make an easy profit at no doubt the expense of the SP at some time. Should be illegal.
That’s a hell of a lot of shares landing, not sure Tim Leslie will hold.
So we have loaned the executives money to exercise their warrants , ok for some eh! I bet they sell some shares to pay it back not a bad deal
Also from RNS 18 Sept for maintenance on 2wells shut for maintenance:
“The rig is expected to arrive at the Oso Pardo field in mid-October.”
Hopefully more good news soon
Canacol have exercised their warrants …
https://stockhouse.com/news/press-releases/2023/10/16/canacol-energy-ltd-announces-exercise-of-warrants-in-arrow-exploration-corp-and
Well I did few top ups over the previous weeks and now hold about 400k shares. Brent is nearing 90$, warrants are about to expire shortly and we are due an operational update with hopefully another oil hit and two rigs working on more drills, one would think that this is about to start moving up? Is there some Telegram group?
Looks like the 120,000 trade could well have been a sale of shares arising from a warrant conversion. Of the approx. 40m warrants outstanding, I understand that Canacol owns 20m , the management own another 7m and possibly Tim Leslie owns 10m. If that is the case, it doesn't leave many to be exercised before they expire towards the end of this month (ignoring the smaller amount with a date in November). Canacol and the management will keep their shares arising from the conversion of theirs.
Results for RCE6 should be announced within the next 10 days I would have thought.
Looking good for the remainder of this last quarter.
I KNOW WHAT THERE doing text book plan here waiting to buy gla time on myside here ,ONE of the most undervalued atm
Canacol will exercise their 14M warrants next week: don't know if they will issue a NR or not.
RCE6 is just about to spud!
Go AXL go!
Surprised only 5,594,944 warrants exercised in sept.
So leaves about 40,713,307 still to be exercised mostly in October.
Interesting to see how SP holds up over next 3 weeks.
I'm always surprised to read how simple info gets lost...Anyhow, from AXL Financial statements:
Number of
warrants Exercise price Expiry date
56,606,859 £0.09 October 24, 2023
652,649 £0.09 November 22, 2023
And from September 1st NR
s at the end of August 2023, the Company still has 46,308,251 warrants outstanding to be exercised
until October and November of this year.
Thought there was something fishy about that post :)
Your perfectly right James.
I've even put October in my message, I must be thinking too far forward !! Sorry
I'll save the post and recycle next month lol.
Back to my drawing board and specsavers.
Cheers