Value Microcaps Junior Energy

[zenvesting]

VLE.to: I wish I had been more patient in my buying too, I took my initial position during the run the morning the reserve report was issued, then I averaged down a few weeks ago. I have some dry powder waiting to see the production results from Yam-1. When we get to see those Yam-1 results, one will need to consider this statement from Sean in a recent newsletter piece to keep perspective....and they will probably qualify the test results in a similar way in the PR:

But again we like to caution that first well in Yamalick that we drilled was drilled as an exploration well. The fracking that we did was very small fracks at the time, just to see if we could actually recover the gas. We really hadn't expected the rates that we got and that's why we had to stop testing at the time and get the right equipment out there. So we fracked maybe less than half of the net pay in the well and then we had that aggregate flow rate, so once you get doing this in more of a production mode, we do see potential to get much higher rates there.
http://files.constantcontact.com/f5fd2524701/19f1abc7-6ff0-46ef-9341-45f7c7bd7d37.pdf

Regarding Baillie Gifford, they only bought half of the $60 million private placement, or 5.2 million shares announced March 1st and has since more than doubled their position on the open market at a discount to the private placement pricing as per the alternative monthly reports filed on SEDAR in April and June. The June report stated:

Since the last report filed for March 2018, the number of Common Shares held by certain funds and discretionary accounts over which Baillie Gifford has direction and control increased by 2,688,000 Common Shares from the 10,535,700 Common Shares previously reported. As a result, Baillie Gifford’s security holding percentage increased by 2.85% from approximately 12.59% to approximately 15.44%.