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alsobirdman

alsobirdman
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  • Is the sun rising on Daybreak Oil and Gas? [View instapost]
    I still believe the Levignes (Not brothers, either father and son or uncle and nephew, I can't remember, BTW) wanted to do an equity raise to finance drilling faster and the others said "no". JW told me again recently that slow and steady is their plan and they are in no hurry to get ahead of themselves. The early KY wells have already paid for themselves and it only takes a little over a month for each well to become profitable, so no hurries. I'm all onboard their philosophy.

    Watch for new reserve and production numbers in the 10K in May. I've been adding in the mid-.30's.
    Apr 21, 2014. 05:15 PM | Likes Like |Link to Comment
  • Axion Power Concentrator 324: Apr. 17 '14: Q4 & EOY 2013 Results & CC; CFO Resigns; David DiGiacinto Joins BoD; PV With Storage Financials; Petersen Worksheet Suggests PIPE Effects Nearing End [View instapost]
    What an unusual couple days it has been. I suppose I should have expected it since I bought a large chunk a couple weeks ago at .18xx. I did take advantage of .14 to buy some more, and I'll reserve judgement for possibly buying more if we see .12xx.

    While I agree with John that it will probably be interesting once the PIPEers are gone, I'm not convinced it will be epic unless we get news of some sort to coincide with their departure. Just my guess, but I could easily see .20 but not much more without news.

    With news this thing could take off like a rocket like it did back in '09. Not that I think we'll see $2+ but I think the chart will be much steeper and taller. There are a lot of people sitting on the sidelines waiting for something to happen. I have a couple investor friends among them. I keep telling them that once this starts its climb, it will be too late to accumulate a large position at a decent price.

    GLTA.

    EDIT _ I do wish I had paid more attention to HTL's work. Woulda saved me a lot of money.
    Apr 17, 2014. 08:44 AM | 5 Likes Like |Link to Comment
  • Axion Power Concentrator 323: Apr. 14 '14: Q4 & EOY 2013 Results & CC; CFO Resigns; David DiGiacinto Joins BoD; PV With Storage Financials; Petersen Worksheet Suggests PIPE Effects Nearing End [View instapost]
    Yep, still fun to watch today. I don't always have a chance to sit and watch Level II. I hope someone here grabbed the 242K @ .138. Wish it had been I. While I hate to see the price weakness I look at it as that many more shares into stronger hands.
    Apr 16, 2014. 02:25 PM | 5 Likes Like |Link to Comment
  • Axion Power Concentrator 323: Apr. 14 '14: Q4 & EOY 2013 Results & CC; CFO Resigns; David DiGiacinto Joins BoD; PV With Storage Financials; Petersen Worksheet Suggests PIPE Effects Nearing End [View instapost]
    Yeah, I couldn't remember all of the PIPE players, but IIRC don't some of them also service retail? I didn't see ARCA but is probably too early as you say.

    In any event at least the bloodshed slowed down a wee bit so far. I was hoping my buys yesterday at .14 were not in vain.
    Apr 16, 2014. 11:15 AM | 4 Likes Like |Link to Comment
  • Axion Power Concentrator 323: Apr. 14 '14: Q4 & EOY 2013 Results & CC; CFO Resigns; David DiGiacinto Joins BoD; PV With Storage Financials; Petersen Worksheet Suggests PIPE Effects Nearing End [View instapost]
    It has been fun watching the bid action this AM. Too early in the day to tell, but after yesterday, makes me wonder if perhaps yesterday was a last big blow-off of PIPE shares, and .14 will now hold. WABR doesn't seem too eager to sell.
    Apr 16, 2014. 10:40 AM | 4 Likes Like |Link to Comment
  • When The Major Equity Market Bubble Crashes, Michael Berry Will Take Refuge In Gold Stocks [View article]
    Yep, I made a lot of money back in 1980, and will do so again before too long. While I'm not positive of $100 silver, I certainly agree that $20 is absurd, and silver miners will make a lot of people a lot of money. In addition to those you mention, companies such as HL and CDE are on sale big time now.
    Apr 16, 2014. 07:50 AM | 2 Likes Like |Link to Comment
  • Axion Power Concentrator 322: Apr. 09 '14: Q4 & EOY 2013 Results & CC; CFO Resigns; David DiGiacinto Joins BoD; PV With Storage Financials; Petersen Worksheet Suggests PIPE Effects Nearing End [View instapost]
    OMG, how many times does John have to say that he will say something when he is able.
    Apr 10, 2014. 08:18 AM | 18 Likes Like |Link to Comment
  • Axion Power Concentrator 320: Apr. 02 '14: Q4 & EOY 2013 Results & CC; CFO Resigns; David DiGiacinto Joins BoD; PV With Storage Financials; Petersen Worksheet Suggests PIPE Effects Nearing End [View instapost]
    You guys that have a hard time seeing $1 or $2 are thinking of a rational market. Take a look at AMZN, TSLA, or PLUG and tell me how rational they are. AXPW has been on so many people's radar for so many years, that once we see some substantial news, we'll begin our climb up that same hype cycle. The biggest problem initially will be trying to figure out when the peak of that cycle happens so that you can sell a nice portion of your holdings.

    IMO, this is not going to be one of those companies that trade strictly on the historic multiple model. We'll do the hype-cycle thing first. After that, yes you will then need to look at P/E, etc. Not at first.

    When things start moving, I will be thinking 4-5 bucks as an exit point. That might be a year or more from now, but I am very certain that it will happen. Could certainly be sooner with the right news.
    Apr 3, 2014. 10:55 PM | 14 Likes Like |Link to Comment
  • The Most Interesting Investment In The World: Ethanex Energy [View article]
    Great story. Shows that there is rarely any free lunch as it's obvious that Thomas worked hard for this.

    It's nice when this sort of thing works out. It's something I try to do. Find a good company that is out of favor for some reason, do lots of research into every aspect of the company and its management team and buy when everyone else has given up. It pays off for a patient investor.

    I seem to recall VRMLQ made a few people very wealthy as a BK to riches story.
    Apr 3, 2014. 12:57 PM | 1 Like Like |Link to Comment
  • Axion Power Concentrator 320: Apr. 02 '14: Q4 & EOY 2013 Results & CC; CFO Resigns; David DiGiacinto Joins BoD; PV With Storage Financials; Petersen Worksheet Suggests PIPE Effects Nearing End [View instapost]
    Yep, PY. I don't plan on selling any until my $2.10 shares are in the green.

    Sooner or later we are going to get caught up in the hype cycle. IMO, we will hit in the 4-5 dollar range when that occurs. May sell some then and see what happens.

    I am also dreaming that in a few years when we are wildly profitable as a company that we could see a dividend. Wouldn't it be sweet to get a dividend of more than you paid for the stock?
    Apr 3, 2014. 12:36 PM | 10 Likes Like |Link to Comment
  • Axion Power Concentrator 319: Mar. 31 '14: Q4 & EOY 2013 Results & CC; CFO Resigns; David DiGiacinto Joins BoD; PV With Storage Financials; Petersen Worksheet Suggests PIPE Effects Nearing End [View instapost]
    OB, if you're a simplton than I am as well. I agree with you 100%. I wish some folks here would start their own concentrator and they can P and M all day and not interfere with constructive discussion regarding Axion.
    Apr 1, 2014. 12:12 PM | 16 Likes Like |Link to Comment
  • 17.8%-Yielding CEFL - Diversification On Top Of Diversification, Or Fees On Top Of Fees? [View article]
    Thanks for the info, Lance. I like the fact the list of CEF's included for the most part are trading for less than their NAV. That is one of the things I look for, particularly if they are not always at a discount. GGN is a big part of my portfolio as well, as it was hard to pass up a few months back at $9, even with the divvy cut, which will be temporary, IMO.

    I'll look into CEFL.
    Mar 28, 2014. 03:52 PM | Likes Like |Link to Comment
  • Axion Power Concentrator 317: Mar. 22 '14: David DiGiacinto Joins BoD; PV With Storage Financials; Petersen Worksheet Suggests PIPE Effects Nearing End [View instapost]
    I'm afraid most of you are reading this all wrong.

    It appears that Mr. Graham was such a good CFO and others know it, that it got him a substantial increase in pay. He would be nuts to turn it down. Nobody here would do so.

    No need to feed into the already excessive negativity around here unless one of you know for a fact that the reason for his departure is something other than stated in the PR.
    Mar 26, 2014. 04:51 PM | 18 Likes Like |Link to Comment
  • Is the sun rising on Daybreak Oil and Gas? [View instapost]
    My guess is that the Levignes were in a hurry to develop the CA and KY fields and did not want to wait to drill them as revenues allowed. Perhaps they wanted to issue shares in order to increase the pace of drilling. Jim has repeatedly told me that his plan is to fund drilling with revenues, and he has also told me he will never do anything to hurt existing shareholders.

    I'm not a fan of debt financing either, so I'm all on board with a slow and steady approach for now. Last week they started drilling the 6th well in KY and have announced that they will be drilling four wells before giving the rig to another operator for them to drill four. They'll continue rotating the rig in that matter until 20 more wells are drilled in KY this fiscal year. Since the wells drilled so far are producing over 250 BOPD, that means we are getting roughly 60 net to us from each well. That will go a long way to funding drilling.

    Since these wells are also producing enough gas to cover pumping costs, it won't take long for revenues to cover drilling costs for each well and then the ongoing revenue will fund more drilling. Seems like a sound plan to me.

    Check the company website for a link to last week's PR. Each well there takes 4-5 days to drill, then a week to frack and get on production. They started #6 last Wednesday so should be finishing that one up sometime next week.
    Mar 25, 2014. 12:34 PM | 1 Like Like |Link to Comment
  • Axion Power Concentrator 317: Mar. 22 '14: David DiGiacinto Joins BoD; PV With Storage Financials; Petersen Worksheet Suggests PIPE Effects Nearing End [View instapost]
    Yes, Maya, I tend to agree. Based upon my years of wrenching on plenty of cars, I am very familiar with that type of battery terminal. Probably weigh a couple ounces or so.

    However, what can we infer based upon the potential number of batteries that can be built from this order. I'm sure there is some kind of quantity discount offered on the purchase of said terminals so it seems it would be prudent to buy a large quantity at one time. Can we make a guess that this is a year's worth, 6 months, or ?? Also have to wonder what the lead (rhymes with weed) time is for these terminals. That would impact a buying decision.

    The optimist in me sees that they needed a whole bunch of them because they need to build a whole bunch of batteries. Time will tell.
    Mar 25, 2014. 10:24 AM | 6 Likes Like |Link to Comment
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