Arrow Exploration Share Discussion Threads

[eaglehaslanded] 08/5/2024 21:00

Now 1.4 million traded, almost all at 34 cents. Anonymous buying from seller BMO.I have not seen this before in Toronto and I check every day

[eaglehaslanded] 08/5/2024 20:54

I meant 34 cents

[eaglehaslanded] 08/5/2024 20:52

There is something going on in Toronto tonight. Volume is so far 1.2 million, very high. The funny thing is that share price has not moved, it is still at 43 cents. Large trades, mostly bought by anonymous. Any clues?

[buffinman] 08/5/2024 20:12

hxxps://meridiancapitallimited.com/

[eaglehaslanded] 08/5/2024 19:43

Seems Like an oligarch, hopefully he is not pressing share price in the companies he has shares in.How has he acted in PTAL? Normal and ok?

[rockyride] 08/5/2024 19:42

Don't be surprised if something happens between AXL & PTAL!HONG KONG, May 8, 2024 /CNW/ - A. Alshinbayev reports the acquisition of common shares of Arrow Exploration Corp. ("Arrow") (TSXV: AXL) (AIM: AXL). On May 3, 2024, Mr. Alshinbayev purchased 48,046,402 Common Shares in an open market purchase on the TSX at a price of $0.317 per Common Shares (£0.185), for aggregate consideration of approximately $15,243,922.19 (£8,888,584.37) (the "Purchase Transaction"). Immediately prior to the Purchase Transaction, Mr. Alshinbayev did not own or exercise control or direction over any Common Shares. As a result of the Purchase Transaction, Mr. Alshinbayev acquired 48,046,402 Common Shares, representing approximately 16.8% of the issued and outstanding Common Shares. The Purchase Transaction and the Sale Transaction were solely for investment purposes. Mr. Alshinbayev may take actions in the future in respect of his security holdings in Arrow based on the then existing facts and circumstances, which actions could include, without limitation, acquisitions or dispositions of Common Shares, whether in the open market, by privately negotiated agreement or otherwise.

[mount teide] 08/5/2024 19:31

He also holds 48 times more shares than me in Afentra.

Afentra - Askar Alshinbayev:
Total number of Ordinary Shares: 48,104,784
Total Percentage: 21.86%

[extrader] 08/5/2024 19:18

This is his website

hxxps://www.askaralshinbayev.com/

and this some background :

hxxps://www.occrp.org/en/paradisepapers/kazakhstans-secret-billionaires

GLA

[mcleani] 08/5/2024 18:05

As far as I am aware Askar has significant investments in a number of o&g companies. He will be looking for significant upside on his investment. I am pretty encouraged by this.

[squareloss] 08/5/2024 18:01

This guy holds a big stake in Petrotal too I think some personal and some via Meridian Capital

[fictitious1] 08/5/2024 17:12

TR1 just appeared!!

EDIT: good spot Rocky!

[rockyride] 08/5/2024 17:12

RNS - 16.8% / 48m shares - I was informed pretty accurately. Let's hope thats the end of the selling for a bit. I think it should be. I estimate hey've made about £240k - not bad eh?

[buffythebuffoon] 08/5/2024 16:37

Noted EHL. I wasn’t wondering who used the bad grammar. 😏

If it was Joe’s it would have raised another question so that’s the reason I asked.

Buffy

[fozzie] 08/5/2024 16:31

I’ve held here since 6p but am getting a tad fed up with the share price action and am underwhelmed by the consortium selling so many after taking a position. Smacks of opportunism and if I was MA I would be frankly very upset at the way this has played out. Share price back where we were two years ago!

[eaglehaslanded] 08/5/2024 15:47

MTTotally agree, now it is confirmed. Any other way would be irrational. Let us hope for good results.

[mount teide] 08/5/2024 15:29

RHL - thanks. Entirely logical - suspect it’s what most of us here would have gone for.

[eaglehaslanded] 08/5/2024 15:27

Yes my words hence the :

[buffythebuffoon] 08/5/2024 15:22

EHL, is the ‘Good news!:’ your words or Joe’s please?

Buffy

[eaglehaslanded] 08/5/2024 15:07

Good news!:The current plan is to drill CNB HZ-1, a disposal well, CNB HZ-2, CNB HZ-3, CNB HZ-4 and then move to the Baquiano pad. Hope that helps. Joe

[fictitious1] 08/5/2024 13:17

No different to the options games being played, henece my reluctance to top up. Would've been interesting to forward Malcy's comment re Gavin to the likes of Joe and confirm if the Co is aware of this. How can Malcy access such info, unless he has a copy of the current share register?.

At the end of the day the onus is on the shareholder to advise the company of their declaration......if at all notifiable.

[rockyride] 08/5/2024 11:36

I think you'll find that the 'Gavin consortium' are selling some of their 60m shares. We should see a TR1 when they get to the level that they intend to hold. I've heard that it will be somewhere sub 19%. At 19% they would need to sell 5.5m of their original 60m but I think they will sell a few more than that. I guess it all depends on how many they can feed in >18.5p!

[dunns_river_falls] 08/5/2024 11:09

Strange that almost 2 weeks after the 21% changed hands, we still have no official confirmation of the buyer.

Regular round number sells indicate that there is a keen seller - however it might just be the case that supply > demand and so the share price drifts. No doubt that once the tide turns it will feel a bit more positive, but 30% down in a few weeks is disappointing. Still have some ISA allowance to use, so will try and catch the turn ... and no doubt get the timing wrong :-)

[mount teide] 08/5/2024 10:53

Shareprice action has all the hallmarks of being driven down to Canacol's 18.5p sell price for 21% of the company.

Frustrating perhaps for long only momentum traders potentially up to 30% down from Marshall's recent UK and European investment community tour high, although most will have sensibly used stop losses to exit long before reaching that paper loss level.

For prospective and existing investors - a compelling 'value' opportunity courtesy of Canacol?
Certainly likely, if Arrow's CN horizontal well drilling programme now underway generates production results EVEN AT 50% of the level of the leading independents, who spectacularly proved up the concept of horizontal drilling in the Llanos Basin during the last 2 years with results averaging 3+ times the production level of the vertical wells, and Arrow's own reservoir modelling.

AIMHO/DYOR

[rockyride] 08/5/2024 09:13

It says when it is dome on the HZ pad reads to me that the 3 / 4 HZ wells will be drilled it will move to Baquiano Matteguafa which will now be drilled towards the back end of 24 / Q1/25. There is no way they would yo-yo a rig from HZb after only 1 HZ well and then back after the 2 other exploration wells, especially when he is talking about reducing field risk.