Acceleware Ltd V.AXE

Rig transit

[Aklavik]

Last location logged as Spruce Lake, SK so not a far transit.

[smitty2781]

They are not wasting any time getting the rig set up. https://twitter.com/acceleware It will takes six trucks, six trips to bring Rig 29 to Marwayne. At two hours roundtrip-time from Spruce Lake, there's 11 hours travel time. Add the onload/offload times and you've got a good ballpark figure for the transit time. Just have to put the rig back together, and that has already started

[Whampoa]

I was about to do the time distance calc too :^) Big triple rig, an experienced crew will have it pieced together in short order.   You can see a good picture of Akita Rig 29, painted on the monkeydeck https://www.akita-drilling.com/investor-relations/dividend-history/ Picture shows her loaded with pipe, probably while tripping. Akita also even as a second pic here too  

[wealth2015]

yes everything is good, but insiders keep on cashing options and selling market on the bid, intresting for sure

[Malton1]

I have to be honest interesting is not the word I would use.  Worrisome comes to mind.  Why would insiders sell for pennies on the dollar.  Is this an attempt to create some liquidity?  Makes me very nervous!  

[wealth2015]

Malton that was my thinking also, chairman sold number of shares in his wife TFSA account, and that to followed with exersize of 300,000 options at $0.21. guessing game for sure

[wealth2015]

some is my thinking, but Cenovus and Suncor wouldn't put $2 M each if they don't think that there is good chance that procces will be prooven, I understand that is not much money for both companies, but still there must finished due diligance before they put their name on project, investing in axe is big bet, if we have prooven technology company market cap will be much larger than today

[ARRHWSK]

Likely need to pay off some taxes due from their options?

[Malton1]

I think you are right!  

[blitzer2]

smitty, here's an ariel view of the site now posted on AXE's twitter acount. You and I go a long way back here I know but, things are beginning to come together pretty fast now ! GLTA https://twitter.com/acceleware/status/1426223295742058500/photo/1 https://twitter.com/acceleware/status/1426223295742058500/photo/1  

[smitty2781]

Hi blitzer2. Yes, it has been been a long journey - 14 years for me. I am in deep with these guys. In the end, I hope the wait is worth it. My optimism grows weekly. Exciting times, for sure! glta smitty

[wealth2015]

smitty when do you think they start heating?

[Saskisnow]

Timeline on website says Set-Feb'22 https://www.acceleware.com/projects/rf-xl-commercial-pilot-test-timeline.html

[Saskisnow]

Heating to start in September (planned).

[smitty2781]

Hi wealth2015, As Saskisnow mentioned, pretty much all you need to know from the company is on their web site or their Twitter account. For anything else, you will likely find interesting information by asking Google a few well-worded questions and doing a litle research. If it is an opinion you are looking for, then I can only offer you this. Drill rigs operate 24-hours/day. So barring any