RE:RE:CVE Lloydminster Thermal makeup freshwater stats suckI wish i could see things very differently. The partners know this works. They know they can heavily benefit yet they continue to do what they are. I strongly believe they want the shares to fall to a nickel and then will offer possibly 10 to 20 times the share value and say we are offering a premium for acquisition what do people expect? If this was not going on like i said there would be 0 reason this wpuld not have been at 2 to 5 dollars and everything operating on full cylindars. The issue isnt that this tech cant significantly benefut them the issie is it can and they are doing everythig to get the tech for as you said free.
To me it is clear Axe wants a very decent share value and rightly so that is why i have applauded Geoff and the company more and more. They could take the easier path but they are taking the one that is trying to keep the dilution down and they have been succeeding that is why we havent seen 200 million what to speak of 400 million plus but this comes at a fairly high cost of time and frustration to move the project forward and get things done prior to 2025 for oil and gas companies to take advantage of for up to at least 2030 for that is the time when oil and gas is projected to be in more immense pressure and why i said the company is in a sweet and strong position.
The key now is no doubt having enough money to see the whole second part of the testinh through while figuring out how much of the ownership you give away and to who. Geoff's mind is constantly working i can see it in the you tube clip and it is very draining on him i can see that too.
Outside Government and the partners another avenue are the brokerage houses like here we go your Canacords the names of other big ones are escaping me but they are a double edged sword in that if they look short term they can make a mess of the share value and to keep exposure of their reach you need to constantly grease their elbows through cheap private placements. The majority are not helpful a few are. The issue is everyone wants money now put lots of pressure in getting results cut the equity trading value and companies have to keep dping more with less while the share counts constantly balloon. Sadly, the company will need to pick its poison.
It may decide to keep as it is to get access to the milestone payments limit its brokerage reliance and may do a share debt settlement with the firm they already have the owings to but will really need to impress things will definitely work and or get fortunate with long term retail shareholders stepping up beyond what they already put in place find a non Canadian backer but if yes i would not recommend any outside strong US companies. I dont know if there is anything else they can really do.
Given where things are sitting i dont see much movement until as I said November at the earliest. The company can try a .15 raise and hope that this will see better results than the .23 and hope if yes they raise enough monies to pay the debt as well as see things througj the pilot. 2.5 million is a low amount to be more of a cushion i would think 5 is most likely what the company should be aiming for and they can not miss on the repairs as it is costly time and money wise. It is unfortunate the retooling needs a retooling and hopefully as you said LA this doesnt keep happening and is the end of it.
Z i dont think what you said is the issue in terms of the quality trap i think it has more to do with new experiences and the conditions being different above ground than beneath it. The company can only make its best estimates running simulations and going based off of existing knowledge so the only way to see if things hold up is to deploy them bebeath the surface. It doesnt work they run the new stats and try to account for it as thoroughly as they can and redeploy the new tech. This is why things take quite some time. The company gets it wrong they will need to replace the tech at more material costs so they are looking to get it right however as we are seeing it may not be in the first attempt and so the r and d as Geoff is saying is quite expensive and those the company is working with need to understand but with that there will be a price again in terms of ownership as it all comes down to this.
In any case the company has to keep at it as it has there is no magic wand here and still as we see lots of risk in terms of the tech succeeding and financial in having the means to keep developing and advancing the tech. The last option i can think of is jointly share the tech develop it with someone like Wolfspeed as they seem to be pivoting to the ev and cleantech more so than semi conductors as to my understanding as to what we were posting about not too long ago. This may be another option but at the end of the day it is about holding as much control of the ip and getting the best possible acquisition price. The company has lots of options and hopefully as frustrated as Geoff is he continues to do as he is and eventually find them without taking the easy out which clearly so far he hasnt and boy is it stressful i can see it and why despite all that is going on as i said i applaud him and the company. Nevertheless whatever happens i see now how challenging things are and axe us doing its best. I will hold to what i said nothing leaves my hands for under $2 and i will likely add more shares up to a dollar or years end whichever comes first. So i am waiting to buy again some shares but i will also be buying shares to aggressively trade while axe continues to work things through.