RE:RE:RE:RE:1.1 million shares bid - should trade any moment
To post that kind of bid, you have to have the money. Usually, when you see that, its an arranged trade and it gets filled within minutes. The trading has been outstanding, pure buying. I have sold some of this, not because its bad, just that I wanted to increase my position in Paliser which I think may be the best oil stock in the next 3 years. Everytime I have sold, even though the bid was not showing, it got filled. I think AXL will do very well, and I like everything they are doing. However, seeing the deal with Paliser, and they deal they have with Maha has so much potential. Maha has a presentation (in Swedish, slides in English) that shows production growing from 1600 barrels of heavy oil, to 3500 in 2015, 4900 in 2016, and 6200 in 2017. That's unreal growth, easily achievable. Plus its a new company, they are raising 70m dollars in the next 4 weeks, including 15m in equity at .23 Paliser share. I cannot ignore 400% growth in 1000 days. but I think AXL is a great investment and I am happy to have both. But with new investors paying .23 for PXL and I can buy for .18, had to take advantage. Have a look at their presentation from a week ago in Sweden.