RE:Andrew Gillis declared this about AXEWhampoa here is the thing the grant was a shared funding of which the anticipated cost is 5.5 million. I am assuming that the monies was put towards whatever equipment is needed to built out. There is a 3.5 million shortfall none of which is directly talked about and how this project is advancing along. One would need to do what LA is doing and that is looking at both websites and seeing what is said. Now I haven't looked at Aurora as to what specifically they are doing what their plans are on heating and whether the heating source is above grounds or below it how the mechanisms work etc. The term microwave seems to be thrown around.
Because I don't know exactly what is going on I can't speak to whether what is being said is an umbrella term being used and meant separate but benefitted by the potential of axes clean tech inverter or if it is specifically referring to that and the process that is actually going to be uused. LAs assumption that Aurora is using its own makes sense to the extent you don't want to be idling by trying to get things up and running so to that extent it would make sense for Dr. Gillis to promote heavily and he has already said that they are already able to separate molecules to get what is being termed black carbon. As with axe tech I suspect that it is on a smaller level and hence the need to scale up but that scale up will cost what is projected to be 5.5 million 2 of which came from the joint funding. The two companies are separate doing a jv. Clearly Aurora is not in any position to kick in anything more so this becomes an Aurora project and being talked about it in that manner which is correct even though the funding was jointly granted and they have formed a joint venture. How this will go in terms of funding contribution has yet to be seen and likewise the percentage ownership stake depending as well as on what was agreed. For instance, at this point the two companies contributed 50 50 but if Aurora raises the remainder 3.5 million and that gets the job done then theoretically axe contributed a little less than 20 percent however the contribution alone while needed and necessary may not be viewed as that much in terms of work put in etc so how would that be actually seen what exactly is the agreement with the two companies? But despite the amount of work contribution then again that 1 million hypothetically if not more may still be seen at a bit under 20 percent possibly with that in perpetual royalty payout I don't know it all depends on the agreement and getting it done without which the yield is 0.
Geoff stated what he did 90 percent of axe time and focus will be devoted to what has been started and needs to at least finish to the extent of getting this pilot successfully wrapped up the other which should have been 10 not 20 percent is on other projects like that of Aurora the potash etc where right now it appears that everything is being evaluated on a potential feasible level that has been or being built on the foundations of in house lab settings that can possibly be taken to the more commercial stage first needing to be tested on the pilot and scale up levels so in essence very much like how axe went from lab to where it is however there is extreme risks involved as things done under lab settings and taken into account and controlled for may not be successful outside those settings and specific confines and that is the whole challenge with all this and if it is possible whether in the end it is economically viable in which case if it partly works until and unless it fully does or there are people who can benefit enough can utilize the tech but in a very restricted way then as I said about the extent of to what degree that will be reflected in the share value. Some companies that were testing for environmentally friendly solvents to leach heavy metals and gold from ores met limited success in which one company enviroleach from my recollection divested it'd e-waste plants for between 1 to 2 million and is focusing on the gold sector. The problem with the gold application is it was found that chunks of rocks were still quite large while the gold was being extracted and it was simply put clumpy and the rocks or gold whichever needed to be separated and broken down further where the conventional way works but the solvents only to the extent it does however if it worked well enough cost wise it would have maybe used in conjunction as a half step but that doesn't look to be the case. The shares when I last saw were like .04 to .06 at its height they were $2 plus. Now either the company will continue or inevitably dump the idea and switch objectives that is the risk in all this. I was saying for axe it may work at worse to a $2 level but if it is an all or nothing as it seems to be with enviroleach at least to this point well then this will end up in the .02 to .04 company which is nowhere where I see and ever want it to be. But who knows if it works well enough and as some suggested people with deep pockets would find their own companies to achieve what axe has and goes beyond wouldn't it make sense to take what axe already has and buy it very cheap for .20 to .50 or whatever? Again not what I want to see. That is why I said it is an all or nothing to me although sure theoretically for as long as companies survive they can still come up with things preferably in what they were doing or again pivot out to other things. Egt previously called sustainable technologies has been around for 20 plus years saw a high of around $2.25 to lows of a nickel possibly less but for a good part was working within the solar sector although prior to which I was fascinated to learn they did wind. This is a Calgary based company.
In any case, this is the importance of managing one's shares effectively and taking profits while they are there. I said what I said for axe and I expect this company to succeed despite what it looks like at this point in time. Nevertheless, I will need to build my other positions. In fact, the stupid GST cheque was not evenly distributed in the past there were more or less equal quarterly payments (more or less contingent on if some periods were tough monies was added) so my first which I saw as the result of the previous years filing was $311 plus change for April. July's was 411 so I thought October's would be the same but it was 211 plus change I was passed because that is not how this should be working. When people file their taxes in March they get the GST back. The first of 4 quarterly cheques come in July so let's say it is 2024 you file your 2023 return. So in 2024 you get a cheque in July and October both should be in equal payments unless the government adds and if they do they should make it clear whether it is one time or will carry for the year. The following year you get January and April. The cheques should be equally divided. So if my April cheque was 311 and a residual of the previous years filing than any subsequent cheque until April should not be less than what was determined on the tax year when filed. In any case I was shocked but thankfully I didn't do too much damage on my spending however I bought 1500 acu shares and having to make up the shortfall I had to sell those to keep my 1400 shares axe I picked up prior to the acu shares. I lost $10 for selling commission plus I sold at another $10 or so loss so it cost me $20 or so and any potential share increase in the future. That is the last time I will do that and wait to have cheque in hand I was not happy at all but I did say to myself what can you do but deal with it. Lesson learned. Now that's government and rings to what Geoff said. Instead of being really pissed and biatching to a government worker I said screw it I am getting monies back due to being on the lower earning side and take this as a bitter pill and see the cheques as extra money calculate every other things which are fixed and leave this out of calculations and use when in hand. Now I am leaning to acu but there are other equities albeit I am debating them as well as possibly more axe shares. I don't see these moving to .20 or better until at least one of three things happen again to name them milestone payments, debt situation favorably addressed whether shares for debt an extension on payment etc, and the one we all want and needs to happen the successful retooling and heat on. Fingers crossed this holds at least .17. I have done rough calculations and if they remain bang on I will have about $150 to use not much actually $140 less my $10 (9.99 buy sell commission) I may buy one last time in axe but if not I am at a handful of 9000 shares if yes I don't know where the price will be but no doubt I will be extremely happy to see news driving it up I did say I would buy up to $1 but I know given I need to diversify a bit I will only buy 1 more time and after which that gives me the ability to buy 2 more times in the year other stocks. I have end of this month next one and December to buy for this year. Next year I will keep building out other holdings but the plan was to stop building out in March I may extend that I don't know it depends on personal circumstances as well as possibly adding more to paying off my debt with more than minimum payments. I have 10k on 2 credit cards and 8k to the family so I have to really think about cutting off money into the stocks. I have bought on their weakness but so far nothing is paying out and I will need to do as I said on all but this...I see at least a double I will mark it however wait to see if it will run but if pulls back to 1.5 times sell. Like I said 1000 acu shares for $38.99. I see .08 I will not likely take it but if it pulls to .06 I will sell. If I had my 2500 shares I would take 1500 at .08. So if I have 2000 or more shares I will sell a good enough chunk at a double if I have only 1000 shares I will push the envelope a bit but sell at no less than 1.5...axe still remains nothing under $2 and ideally $20 but I will consider $5 and up only in light of the debt but I am not specifically looking at axe to be going towards any of it per sa that is why I am hugely after the other shares as I said to give axe more time which I want Geoff to be very tenacious on and bite down hard. I will hold for $2 and I expect and strongly see things turning very favorably at some point...I did say $10 plus nothing has changed for me in that narrative despite what we see now. Time will tell all things this is my desire my opinion and what I am sticking to folks but I can't stress enough with stocks take the profits while they are there get your darn principle out as fast as you can...that will be my moves moving forward but axe remains the last of this exception the rest will be doing what I said with acu although if I buy stocks above .10 say 20 1000 shares I would sell 500 at .40 so .10 and less no not unless 2000 or more shares above .10 yes I would. In any case, I have to build bank regardless of whether I have shares left or not and 1.5 to 2 times is the objective stock runs at least I got what I wanted can't feel anything but good still because conversely I can be negative 40 plus which I am right now because when I had profits or lesser losses I never took them that changes as I said with everything else. Axe is the last company I do what I am doing regardless how good companies look. Hey If I take my monies out on half or a little more that's OK I will "ride the rest" what I have otherwise done I lost badly no more. Doubling or near doubling is extremely powerful so is 20 percents. Anyways good luck all.