TSXV:MRS.H - Post by User
Post by
ScarletSpideron Oct 22, 2021 10:27am
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Post# 34037115
I Was Hoping This Would Have Trended Up Better
I Was Hoping This Would Have Trended Up Betterso that I could leverage with it potentially to get shares in accelware on a 1-1 basis if not better but clearly this is going to take quite some time. My Dad gave me 10k to grow and I will likely put a bulk of it into real estate income trust that pays out .0375 a unit on a monthly basis and was going to use that to buy more axe shares but his advisor still has to open the account and he may do so after axe shares take a huge run up.
Axe is a highly risky stock--to me it is an all or nothing type scenario. Accelware the company is testing a heating process in the oil sands and when it succeeds the implications will be huge (remember i am law of abundance--so read what I said about all or nothing and risky).
The stock is at a lull right now because the company has not started the heating process but someone on the boards over there stated that the heating should begin early next week. I do not know when my account will be opened by my Dads advisor and I did not want to see a potential big jump if people get after the stock so I needed to do something which was trade out 2000 shares here for 1100 there.
My objective was to increase my holdings at axe by 50% I do not have very many 3000 at .17 now with the 1100 4100 at an average of .21. I am undecided if I will still buy 2000 shares or just 1,000 now given I bought the 1,000 that puts less pressure on monies being paid out should it run to .50 or higher. it is at .34 now after my buy with a bid of .315 it may still slide back but I just secured the shares if the heating does start next week (supposedly early--is that Monday lol) and it runs past .37 its 52 wk high which with all the excitement yes it most likely will--how far and how hard not easy to tell.
The implications are that people on their own calculated a potential $100 per share if the company does not get bought out first. I did not say what I thought and since it was raised I said absolutely--this is a game changer for the oil and gas industry as when it succeeds it can cut the carbon emission up to between 40 and 50 percent and cut costs up to 50 percent so cheaper and cleaner way to extract oil--but remember winner take all. Suncor and Cenovus each put in a 1.5 million contribution towards the testings. There are a few others who backed it including the Feds from my recollection. At a time when climate change is huge and people fingering oil and gas it is the perfect storm to have people reconsider about trying to get rid of the sector altogether. Sorry to break it to folks slaughter houses are extremely bad at carbon emissions it is up there so oil and gas is unjustly getting fingered alone!!!
Well I said i will consider other near term possibilities well the run up is very likely but I am going long on the stock again i bet on not against companies but I still trade to try to make monies in the near term as well while looking at mediuma and long term as well.
My share count is now down from 8400 to 6400.
I will now likely hold this unless there is a need to trade out. Still love the story and if this happens to outpace over there that is quite alright if not same.
Axe is my risky move and I have to be comfortable with what I have done. No contingency on it just seeing success!!!!