Arxa management changed last year.
VP Finance is 2nd generation Irish.
Boss is well connected in Texan Oil Business, super track
record before this his first crack on his own>>
Set about getting several known dealmakers on side, and got them.
Then lined up all ancillary services such as PR.
Cleaned the balance sheet.
Spent 8 months geting ready for acquisitions and financing.
Suspect its all in place waiting to be announced, remember,
everything I'm saying has been Edgar reported regularly.
McGrath said last month that the company had make or break
deals, lined up, after a year of putting them together, so he
was'nt bullshitting, while at the same time he was not saying anything that was'nt already in the public domain.Their target,
is the fallout of unwanted resources during the "big Boys"
rationalisation and consolidation programmes....and noticeably
we havent seen yet the results of their negotiations in that
particular arena, which I believe it is reasonable to assume
will be the next series of announcements. This latest, very
attractive deal is more of a "private" one.
Where these boys are going is a matter of Public Record, the real game in their books comes at $5-8 with institutional funding and analyst support.I think it is a reasonable bet that the share will
swing more stably , now that the company has a visible plan.
(unlike the last management where it was the subject of
wildcat oil stike momentum plays)...If that is the case, and
with 1mil shares float out of 5mil, we may see more managed
share price growth this time, that still wont prevent it from
rising rapidly, but may prevent too much daytripping.
Independent analyses showed 25 cents NAV, and after yesterday,
we have risen to more than a dollar+ would'nt you agree?
Strong Buy up to 80 cents after that we'll see. If they put
another deal like yesterdays on the table then expect three
or four more, and before we know it we're on the big board.
The IrishRedAdare!!!! |
