RE:ConfessionKaddi...hope you still can wait with your shares bought at a higher price. SP will manage through all obstacles to reach higher levels in due time, as management builds value on the ground for us shareholders.
Vast majority of juniors from different industries issue warrants to attract investors when doing financings. When the current BOD took over in 2020 AXL was a disaster (have a look at the 5 year chart and wirhout reading all available docs, you will notice how bad the situation was. SO bad that even with their canadian ops, the board hasn't been able to attract investors from north ameriacan market! so the AIM listing. They successfully raised $ out there by building an "extraordinary action plan and a solid presentation AND offering those famous wts to buy new shares at 9p while the stock was 5 p and PP at 6p. As you can appreciate from the last 2 year history, Mgt has had tremendus success! and the SP reached 27p on AIm (43cdn cents) a few months ago, Out of the 70M wts issued back in Oct 2021, 24M of them were exercised by Aug 31st 2023. 14M are in our main shareholder Canacol from whom we still haven't heard about their intention (mist of us bet they will exercise and keep as they'll want to maintain their 20%+ stake in the Co). That leaves a 31M wts necessarily putting pressure on SP. Let's see how all this evolves over the the next few weeks and months, BUT raised cahs has allowed the Co to raised production from an anemic 2 hundred something BOED to most probably over the current 3,000...with positive cash flow, huge cash on hand (still after 2 years of the PP) and drilling and adding BOEDS. I perfectly understand your frustration but AXL is a keeper and a GEM as such cauz when Mkt gets over all obstacles, this one will fly with no return ticket!!!
Cheers!
Rob