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What are everyone's thoughts on the update yesterday? I thought it was pretty positive. There was also quite a few rounded sells yesterday but MMs put the bid up. I think we will get a lift off in the next few weeks and I topped up again today at 1.25. We could easily move back to 2p in few trading sessions...
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?
Well we had a few strong blue days in the market, oil price is up and sentiment is returning to junior oilers…it sucks to be suspended :D hopefully the current tail winds will last until October and we get a nice mark up on restoration!
Very exciting read!
"This is a medium-term game, it's not one deal and that's it. It's about a conveyor belt of deals -- and we've got to be selective," McDade said. "We're looking at lots of things... We might miss some things, we might choose not to do them because the value is not right, but there will be plenty."
https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/oil/080123-interview-afentra-ceo-eyes-conveyor-belt-of-deals-as-majors-retreat-from-mature-african-basins?fbclid=iwar14lpa2720dyvteaokelwtwu_owptazwaxhnsxtlhtz7wu-mk5c-r7awis
Interesting report about the O&G sector in Angola
https://www.whitecase.com/insight-our-thinking/africa-focus-summer-2023-fueling-economic-diversification
Https://www.offshore-technology.com/marketdata/punja-conventional-oil-field-angola/
So what do you guys reckon? Good news tomorrow or another delay? It's quite strange to me that they have left it to the last day this time. Either way although it's taking ages we could comfortable be 40p+ once (if) the deals complete. One would also think that they might already have some new acquisition planned after the deals complete.
Well I sliced some of my MATD on Friday and bought in here, could not believe the weak reaction to such a great result. Let's hope the endless rounded sells end one day and we move past ATH to new heights (herd will arrive one day if the good news continue). Good luck all and here is to a great 2023 for AXL shareholders!