RE:Consider this Fort McKay FN relationship to AXE and SUWhampoa dont let people like howlong get to you. While the points he raises are all legitimate it doesnt nearly reflect the complexity of the reality that the company is facing. Sure it is very frustrating being kept in the dark as i am sure the company hasnt been doing nothing to raise funds for the past 6 months as this is completely untrue. Every step of the way as the team goes to summits and meetings they are creating awareness of the company and what it strives to do which inclusively is a means to future funding potential. The tech is higy experimental and as such it is very difficult to secure funding and that too in the rightful way. The only thing i actually agreed with in his whole write up is to avoid doing it in a massively oblivion way.
I saw LA wants the monies to come fast but this is not and never has been a quick fix nor has the issue of fully figuring out what the problem appears to be. We are talking about a fairly complex and sophisticated piece of technology and trying to fully assess all of the components to it as well as all the moving parts in how they interact with each other and where the primary source of problem lies. Upon all that the company has to run countless simulations get the data and exactly pinpoint where the problem is so as to address and
convey it to all of us.
Nevertheless, despite being told that it is the tubing/hose which did not sufficiently capture all the moisture and lead to leaks contributing to the danage that doesnt rule out all other components and the complexities that may go with them so it is near impossible for the company to give a final dollar figure and unreasonable for people to expect that to that extent even if it is not in the sense that they dont want to continue to throw money towards the tech and see it as a money pit which i fully get you simply can not. It is one complication upon another and understandably people want to go with the tested and true tech so that adds to the funding problem. I agree the company needs to avoid too much equity financing as well as long term debt sp what does the mostly leave as an option? Yup government grants but we know the issue with that in terms of disbursement. I found it very ironic in what howlong wrote in that he says what i fully agree to as mentioned of equity financing and taking debt yet interestingly slams management in smartly doing what they need to to avoid oblivion and bankruptcy. Sure i get people are frustrated who wouldnt be but the reality is the company has very few good options and is looking at the best possible one costing the least amount of money and dilution.
It is also interesting to constantly read about z you going on about space heating etc. Yes we get it but the reality is is as someone posted that axe is most likely legally obligated to do what it is doing or will be in a breach of contract and even if they were to try to mutually say lets forget this whole project how would that look? Sure there may be seemingly less expensive options like heating for potash and other things which axe is doing despite focusing on the oil sands but here is the princople of all things as far as i am concerned. Will the company keep running away from any potential problems that they may encounter in using the tech for other things? Ditching the oil sand even if there is an out may set a bad precedence and people may think well how committed will you be to us and what you look to do in potash hydrogen etc so instead of running and despite tye time and cost involved Axe is obviously taking great pride attention and care to deal with things not run from them. That said and despite being very favorable yes the company should have let us know nearly 2 years ago how serious the problem really was but having said this we mysrlf included had and have a responsibility to manage our shares and there is no excuse or blame for that other than that falling on our own shoulders. I will not remotely suggest how you should look after your shares thats a very personal thing but all i will say it is our responsivility to do so because if we dont we will lose lots of money and time and have zero to slim legal recourse.
Finally, nothing is bogis anything asdociated with the oil sands our partners and all the stakehokders are all possible BUT with a huge caveat and thay is Axe needs the tech up and running to the extent that it doesnt damage components to the extent it is far costlier to maintain and replace in relatiin to wear and tear by using industry standards that is to be expected as typical wear and tear. If this remains unsolved that will spell a disaster for us in so far as oil and gas so this investment is highly risky as we are seeing with the biggest hurdle being getting the tech to work where it doesnt kill the equipment as well as to increase the power to the needed level to prove what is being tested for to make the tech as a viable alternative to industry standards gold star and othrrwise. As far as when the heat will lilely go on i would not be expecting that until closet to years end as there is a lot that needs to happen and if as is likely the case the company will largely be stuck on waiting for government funding i dont see a better way througjh. I can see a possible 3 million government funding being sought and maybe raise for a million and a loan for a million but i definitely cant see a ful equity financing that will be a disaster as would taking out more than a million on loan. Sadly the company is not well capitalized the shares fell to where they are i already said way too much there and Axe now has to figure the best way through all this but it will not be a quick fix as it has not been. This no doubt remains highly risky longer tern hold with possibilities of temporary upticks which you decide what to do on managing your shares. It is what it is and has been. I will as promised hold to a minimum $2 strike point. I already played my contingency which selling this was never a part unless 2 plus so it is really all or nothing. We saw .07 if the tech does not work people get frustrated this will face a lot of headwinds and one has to see it for what it is. I think new monies will enter possibly but those who come will neef to see this as highly risky and volatile but with a huge payoff potential as well as a huge loss potential. It is what it is.
I am sorry i could not help comment. Like i said it is what it is. If successful Whampoa everything you say is possible in the oil and gas sector if not well then think it as one may either bogus or just not able to fulfill what was and is genuinely intended.
Anyways good luck to all and my apologise on the post. I shouldnt be here...grrr.