Member Info for Mr.Flibbles

Thanks scoredagainsteps, yes the warrants would explain this. It's great news we have a buyer for those exits to fund the takeup of warrants, and the cash at 10p generated will go towards 2024 growth plan.

Anyones valuation of AXL based on £50m market cap should factor in warrant dilution but also the cash received on a E/V basis and the net cash from operations.

An original seed investor? Bit of shame really as he own so much of the company. Note the share price is still in a rising trend as he reduced.

I've added it. Growth infrastructure is very cheap (see 3IN).

Much of the revenue is inflation protected.

Loads of cash for buybacks and M&A.

Dividend 4.96%

Buy now for 2024 where I expect a 20% total return with a low-risk asset class.

While we may get a slight dip in the days ahead in the normal volatility range. But it looks to me this broke out of the downward trend as is ready for a new trend:

https://www.tradingview.com/x/mx4F3NEQ/

Dcarn while that should be the case, AJBell the biggest provider requires the NR301 (NR-301) form as I can not buy for my wife who has not had it filled in, but I can.

Louis10 we are all capable of making our own mistakes and don't follow Tony. He is clearly very smart and has contributed to this forum. He clearly doe not have either your experience or to understand the risk of a downtrend in a stock or scepticism of the previous CFO who I stupidly trusted. It was the precious CFO that lost us money and not Tony.

Lets not forget the winter will soon be appon us and we can put this torrid time behind us.

We cant use Logan Energy Corp as a comparison. LGN is a growth company and should be valued with greater P/E expansion in mind and their cash position gives them a very cheap E/V. I would be buying them. We would like to think I3E is a growth company, that's why there is a destain for buybacks, but the reality is I3E became more of an income and growth company who previous CFO messed up badly requiring a reset and now that is done our share price at I3E should grow.

I am happy for this to fall to be honest. This is because I have a balanced portfolio and have plenty of recent winners to rotate from into AXL as I rebalance.

The market has a problem. There is now a lack of exciting near-term investment opportunities that provide excitement. This makes AXL highly highly highly attractive. I can't find any other investment with this level of risk and reward. Anyone in the UK reading this on the sidelines make sure you have filled in the NR301 (NR-301) form and send it to your platform or broker or you will not be able to buy.

Do fill in the NR-301 form on your platform and email it back to them. You need to complete a NR-301 form to hold Canadian shares within your ISA, Lifetime ISA, Junior ISA or Dealing account or you will not be allowed.

AJBell:

https://www.ajbell.co.uk/faq/what-nr-301-form

For others contact your broker. It may take a coupe of days so it is best your account is set up for any Canadian company.

It' best that day traders sell for the health of the share price when an update comes though, given the uncertainty. It allows long-term investors to buy a dip as well as the liquidity that only comes with volume.

Sharesahoy you should not be investing in stocks as you don't have enough information. The O&G industry is one of the BEST examples of buybacks being a success. and I can give you an endless list on how they smashed the lights out and will continue to do so. There are a number of companies where management have messed up resulting in debt and hedging in a high-interest rate environment. If you are bullish on oil buy the index like ENGY where buybacks play a huge part in performance.

The tweet is telling you in the backward order of the drills. I presume therefore it means "pad and rig drilling have started" on CN-3 AND testing on CN-2.

A rare -6.91% discount.

The fears are that rising rates would result in investors fleeing to the risk-free rates. The fears are true and may persist for more months.

However, risk-free rates of cash are not inflation protected and obviously, with equities, you also get capital growth as these companies become larger and grow. Some smart money will me moving into these companies as they become cheaper. This may have started a week ago. It may start next month, or the next, we just don't know.

I have added considerably and while i do hold Money Market Funds I will be selling those down for bargains.

The previous CFO made a horrendous mistake by raising the dividend and when the market realised it the price continued its decline. Now the company is left with a loan and the conditions of that loan must surely include hedging at low prices.

Has anyone compared BOIL to DELT?

"Every $1 on WTI nets us 2.5 million(for the year) though." - Only if that is in dollars. Note we often forget currency and the dollar is in decline (down 4% over 30 days or so) and some but not all of the oil price rise will add value to our investment. I expect the dollar to continue to decline and we will see oil prices at $90.

Https://www.ft.com/content/6803b991-fdfa-4003-852b-3b2e77df9be2

I don't think Atrato are responsible for the risk-free rate going up. The risk rewards look good for SUPR with funding in place.

Ezhik, sure they technically could buy back the shares. Never thought of that. The company would be looking at this and worth raising at the AGM. Marshall Abbott has a track record that does not include buybacks or dividends. He is very reputable and has a growth formula like Andrew Austin (RockRose now Kistos) but Marshall's is organic growth here and to easier targets like 10,000bopd and he may use that cash to get to his target sooner.

We are going to have a cash problem... too much of it. The warrants when sold would add what £15m? While we don't need M&A it was briefly mentioned in the interview with Malcy. Getting to 10,000 bopd was also mentioned. At this rate it is easily possible to do both.