Getting out at the worst timeThanks Possible for sharing the Trinidad transaction.
Being an avid cyclist, i have been enjoying the nice weather and doing 125 to 150 km rides,
so less time for my other passions.
Like i wrote previously, when you have a big position like Timolo had in Akita and you are
a seller, you are facing a problem.
With low liquidity,i am guessing that Timelo was putting a lot of pressure on the SP.
Has Timelo finish his selling?i am not sure because i see small blocks being offered but
they are surely having less as each days goes by
The drillers were facing a harsh environment but it looks like the tide is slowly turning.
I will repeat myself, Akita is a turnaround story.Q2 will not be good but Q3 and Q4 will be
very good if my 11 to 12 rigs in CDN and in the USA come to fruition.
Stay tuned.Akita will be reporting at the end of the month, maybe management gives us a good indication about Q3,Q4 and 2025.
Also, we should get news on the debt payment reduction target.
Akita could start the move i have been anticipating in the next couple of months.
Last year, they reported Q3 on Nov. 1st so the wait time could be less than 4 months
before investors realize what i am seing.
And like i said, investors are not whiling to buy shares at $1.30, $1.35, $1.40...
but will be tripping themself to buy at $1.80, $1,90, $2.00...
Call me an optimist or having my shareholder pink glass on but
if i am right, what was 12 months of waiting to get rewarded big time.
As usual, time will tell.
I will try to refrain my posting for a while since the few readers of my posts know were i stand on
what i believe to be a great value investment opportunity.