RE:RE:AXL Operational UpdateLike i said months ago nobody was buying at 10-15 cents, very very low volume at best when the dipped happend it has been trading sidewas from 17-20 cents but mainly for the past 3-4 months.
Now do you think our sp is because our business plan/ properties or do you think the sp is because oil and the sector are at 7-10 year highs ? Now with that comment these guys are moving at a snails pace imo.
When opportunity knocks you become more aggressive due to the opportunity. There business plan was made off $65/barrel and like i said the price of oil has gone up major over the past 3-4 months and the sp has traded 90% of the shares in the 17-20 cent over that time (sideways) imo
AXL earnings with current prices are roughly 45% higher then $65/barrel anddddddd prices are said to go as high as 120$/barrel by june-july which is almost 100% more then $65/barrel. same goes for their nat gas well.
If AXL mangement believe they have great properties and targets to drill and boost production then put your money with your mouth is, im not saying blow it all in 3 months but id rather a $20 million rasie at $1.00 then to miss a major opportunity to INCREASE shareholder VALUE and miss out on major profits which propel this compant to higher levels.
Their business plan is great but times have changed due to oil and gas prices which imo means quit moving slow and lets speed things up a notch or two. Results should be close to their projections which means money/revenue sooooooooooo Robb, Gamer anyone please enlighten me
Theres my rant haha
GB
Rob0012 wrote: To me, management is playing that one perfectly until now. I can understand your impatience GB but just consider that one as a holding rather than a pure spec play. These guys have executed all thay've said in last October, with a couple week delay. That is a solid accomplishment. Meanwhile, SP climbed from 10-12 to current 21-23...geez!!! give it a chance!!! I think many juniors burn themselves wanting to go too fast when commodity prices rise, Arrow is not that kind of business anymore. Building long and strong.
BuyAndHold
Rob