Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Acceleware Ltd V.AXE

Alternate Symbol(s):  ACWRF

Acceleware Ltd. is an advanced electromagnetic (EM) heating company with highly scalable EM solutions for large industrial applications. Its segments include High-Performance Computing (HPC) and RF Heating. The HPC segment sells proprietary high-performance computing software and related consulting services and training programs to the oil and gas industry. The RF Heating segment is engaged in research, development, and commercialization activities related to advanced electromagnetic heating using radio frequency (RF) energy. It is piloting RF XL, its patented low-cost, low-carbon EM thermal production technology for heavy oil and oil sands. It is also working with a consortium of potash partners on a pilot project using its patented and field proven Clean Tech Inverter (CTI) to decarbonize drying of potash ore and other minerals. It is actively developing partnerships for EM heating of other industrial applications in mining, steel, agriculture, cement, hydrogen and other clean fuels.


TSXV:AXE - Post by User

Post by ScarletSpideron Jun 07, 2023 3:42am
199 Views
Post# 35483762

Hmmm...

Hmmm...I nay not have posted it but i questioned it. When you look at the news release related to Aurora from my underatandung axe got 1 million and aurora 1 milluon from Alberta Innovates for 2 million but the project needs 5 million. I had this feeling that axe would do a raise because this joint project is underfunded by about 3 million and i was thinking where would that come from? Actually i just looked at the cost 5.5 million. Now axe did a 1.8 million financing for the workover in which it seemed like that that should have covered the cost. Hearing in this latest round of up to 2 million finanxing with "some going to the workover" i will admit i am not too pleased about. How much does that some equate to is anyones guess unless this is spelt out. Further to this news release it states that othee parts of the net proceeds to fund research and development related to new CTI industrial heating applications including those above and the standard general corporate purposes...well there are two other sectors in addition to the hydrogen one being the agricultural and the other potash. I think the company looks to be spreading itself thin and doing raises at a low price that it should not ve raising at or you will have 17 million or so shares at this level and while it still isnt too bad the company is going to be at 200 million os soon at this rate not something i wantes to see. I am actually mixed on this release. I dont like the dilution and would prefer it be very focused. They have the oil and gas which is pending and started up the hydrogen which needs capital and quite honestly i am not surprised. It appears to me that axe and aurora will likely be 50/50 partners as i suspect it is possible the biggest chunk of the 2 million will go to the hydrogen. Lets assume 1 million which if correct would mean the project is still 2.5 million in need and following with the assumption it would mean that axe put in 2 million aurora the 1 million and would need to match leaving 1.5 million which if is the case there will be another raise for that and whatever else. Now in regards to the workover completion one has to remember that time is money to everyone involved leaving aside what i have said about not even contemplating how the company didnt have all the spare parts to begin with i dont think people want the process to stall unless they deluberately want to see axe constantly dilute take cheap shares and lowball a buy out due to more outstanding shares. Regardless time is still money and producers are under the gun to cut carbon emissions so it isnt in any interest for this to go on indefinitely. I dont particularly like the dilution but i am not the least bit surprised especially when i was going to question the Aurora arrangement i should have as i did see this coming although honestly i was hoping Aurora would look after it. If i wasnt expecting this i would have rifled off what LA and others did. I am actually not mad despite nit liking the dilution although i honestly did not want the os to reach 200 million plus but this will get over 200 million before all is said and done so i will expect this company to buipd as equal partners in some stuff like the hydrigen given it seems to be what i think it is moving at that rate and divest the oil and gas as only to the sector not the whole ip if the company is not going to get into being part of the oil production so divest in terms of collecting perpetual royalties an upfront payment or keep the ip and go non exclusive licensing the other things lets see where things go. There is a lot of options and this goes back to what i asked Geoff what exactly will the company do? No crystal ball but will consider all optiions and that makes it tough to see how to move but i will possibly buy shares this goes sub .20s it becomes very attractive stays as it is very annoying goes up thats what i always wanted. I will wait to see where i sell not looking to consider under $2 still want $5 plus this year anything less epic fail. Now there are other stocks i am quite interested this remains among my most desired but i may diversify and keep holding here. This news isnt bad but because i expected dilution for Aurora purposes i am not angry. I see excellent potential but there remains like of specific info which i am still not liking suxh as i mentioned allocation of funds as well as a firm heat start date so these are frustrating parts with this company. Pragmatically speaking shares look to be on track of .30 to $1.00 not convinced it is multiple dollars i need to see the hear way more oil production and the company slowing down raises in low levels anything less than a minimum .50 and that is still too low for my liking. Anyways looks like this will be floundering more and a likely price drag to .25 and less not liking that on the one hand but on the other it means i will likelly have a few more stabs if i wanr them. I wont have monies until end of July so lets see. No point watching prior to heating start. Unless spelt out i expect it to commence this month  but lets see.
<< Previous
Bullboard Posts
Next >>