Post by
ScarletSpider on Dec 19, 2023 11:12am
Lots of opportunities but people want the sure shot
and clearly dont want to put unknown amounts of dollars into something they want a guarantee that will work at the end of the day. Big oil squeezes pennies to have money to acquire existing developed oil wells and pays big money for them and because of that and trying to remain competitive with one another they look to shore up their cash position to be able to acquire as much as they need to when their performance starts to level off knowing they have to keep share holders happy they cant spend years and countless dollars developing tech which may or may not work so the need is now and unless you are proven or will be proven with as few dollars as possible we will not put money or time in as they are both relatively speaking in short supply. Messafe heard loud and clear.
Now if there are companies who are well capitalized in the cleantech field that are looking for another clean tech that makes ssense and have enough money to put towards something that has yet to be proven and a fledgling this is where we will most likely see people step up. I highly doubt it will be any of these oil and energy suppliers well known to us. I would actually be surprised if any do and one of the reasons as stated in the paragraph above the other as i had been saying to pick at the bones and this becomes a battle of attrtion however the above is quite justified and the other of picking at the bones is superfluous to it. This company will need to just simply continue to rely on its scientific mind dont expect something from those who havent done much throughout to this day.
Like i said if anything it will be a well capitalized clean tech where things get doe i highly doubt it will come from our so called partners or others who are competing with them. Nevertheless anything remains possible and quite honestly the only thing i care about is the tech being very successful and $40 plus a share everything else will just keep going as it is. Yes it seem disappointing when we think the partners who have billions are throwing billions at acquiring existing fields and cant seem to throw a fistful of millions at a tech that has yet to be proven but the problem as stated despite Geoff estimating a 33 to 35 million cost there are no hard guarantees that the cost will not balloon to 100 plus million so i do understand from this perspective and companies dont want to keep throwing money potentially losing it if in the end the tech doesnt work as that money could make a difference in terms of stable acquisitions.
In any case it is what it is all the time passing with seemingly nothing moving forward changes nothing to me and my faith that Axe in the end figures it out and achieves greatness. I am still having faith and holding out for the 11th hour about the heat successfully going on this month although less than 2 weeks left. It is all good. We dont know or see everything that goes on so anything can happen at anytime and is seen when it is supposed to be seen. Time will tell all things.