AKITA Drilling Ltd T.AKT.A

Re:Income tax assets greater than the value of the SP

[lifeisgood1010]

I too follow what E.Nuttal as to say and had noticed his PD position.

Akita reminds me of another small cap i own.

In mid 2021, i started building a sizeable position in a steel erector in Quebec.

ADF group(DRX).I started buying at $1.68 and bought as high as $2.10.

I told my wife that she should be taking a position in it.Her response was "this stock doesn't trade much and it is not moving,it it's to risky for me".

As much as i tried to convinced her, i could't (initially)

The stock didn't do anything for almost 2 years.Then in June 2023, it finally started to be 
noticed.My wife finally took a position in Oct. 2023 when the stock went over $5.

Most investors are not properly wired to make a lot of $$$ in the stock market.
My wife is in that group.
When the stock was dirt cheap, she didn't want to buy.She was scared
Now, not anymore.She initially bought at $5.10 and bought as high as $8.25.

Is she happy with her position,sure but she could have done much better
had she put her emotions aside and look at the value of the company VS
it's upside potential.

Yesterday it closed at $9.45 and the daily volume are now very good.

I have never sold my shares and i am up 462% from my original entry price
and 350% on my most expensive purchase price.The stock is up almost 6 fold from my original purchased price.

It took 2 years but now i can have fun with my wife telling her,"do you remember when i
told you so many time to buy DRX when it was dirt cheap"

Will Akita be a 4 to 6 bagger like DRX.Maybe, maybe not.

But i sincerely think that it can at least double if not triple over the next 12 to 24 months.

I think that my downside risk is minimal while i have a very good upside one with Akita.
I am the type of investor, that can wait for as long as it take.

P.S i tried to have my wife buy Akita, guess what, i got the same response as 
she gave me with DRX.No volume , to risky, not moving...Some never learn(LOL)

Will i be right, only time will tell.

Have a nice day

[Hockeyz]

Here are a few other comparisons of Akita Drilling to Eric Nuttal’s top drilling/service company stock pick, Precision Drilling (PD). I looked at results for the 12 months up to the end of Q3’2023 since Akita has not reported Q4’2023 yet.  Revenue for Akita is $238M, or 12.3% of the $1,941M at PD. Net Income before taxes for Akita is 28.6M, or 14.3% of the 200.5M at PD.  Also, net income

[Torontojay]

Nice post hockeyz.  I totally agree. 

[pennydredful]

Enjoyed reading  the  thread  on  Akita Drilling  here and  learning  so much.   Besides  Akita  I  have  shares   in   SDI    Stampede  Drilling   where  I  believe management interests  are well aligned with shareholders.    I  even  own