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Lol no news flow go for a ****tail and a chat could be interesting GLA
ASX Volume 32 mill.
VWAP 1.4941c .
Presently 32mill on buy at 1.4c & 1.8 mill on sell at 1.5c
Mostly 1.5c trades, 800k at 1.55c, 2 mill at. 1.45c. Then the only 1.4c trades are the closing trades - 1.37 mill.
ASX version of MMs at work ?
Like I said ... you only have to scratch the surface here to realise that big DW has greased the palms of Cenkos on many occasions with all the cash raises .... it’s just a little sweetener from Cenkos ... a little thank you note .... Nothing to see here until January
Seems to me nobody down under believes the Cenkos notes !
Not the sort of day we hoped for. 1 step forward 2 steps back. No news flow so not surprising.
Despite that a shocking day in oz
Considerable interest in the Cenkos broker note, near 300 people have downloaded it from the link below.
https://ufile.io/kc6srgsr
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I wholeheartedly agree with your sentiments Brom, and I have NEVER actively encouraged any investors to put their money into 88 Energy not even family and friends.
My financial outlay represented the TFC from my Drawdown Pension, money I was prepared to lose in exchange for a windfall.
I came across the company purely by chance in March 2015, and i have stuck with it ever since through thick and a lot of thin. Charlie 1 falls around my fifth Anniversary, and I am HOPEFUL that SEVEN prospects and an FO Partner will do the trick.
Do NOT trust me, Brom or anyone on this BB. By all means use us for research, but that is all.
I wish you all good luck, especially those of you who are down on the deal.
PS does not mean I agree with everything Jiddy says :-)
21:23 my view is that investing on the strength of a brokers report alone is unwise, it just forms part of a much greater story that is very well documented and discussed in various bulletin boards, but in any case at the moment I see no issue, SP is very low and very unlikely not to rise further as we approach spud.
Ultimately its investors own money, their choice and no one is trapped, if they truly believe that there is no way forward here, is it only commission and a bit of spread that prevents them from pursuing their dreams elsewhere and probably a few of the "trapped" actually are not, just serves their interests to continue the conversation (spin).
Trust no one, read between above and below the lines, check past posting histories ( for those who complain about Jiddy very informative, his message has not changed once in 4 plus years) and stay appy.
23.01 and 00.33 - both very true and both recommended :-)) VGLA
That's right Proselenes
Either that or the .5p doomers have sold at .7p or .6p expecting 88e to retrace to .5p so they could get back in.
It's now .88p, they panic, try to talk it down to .5p to get back in. But the horse has bolted. They are trying to hold back the tide like King Canute LOL. Onwards & upwards.
A lot of the Naysaying you see on bulletin boards is simply shorter term traders. They see 88E as a great trade ahead of drilling, but at the moment their funds are in other companies with short term potential rises (shorter than 88E). They see 88E rising and they start thinking they missed the boat, they cannot sell the other shares and so start deramping 88E as much as they can thinking its going to hold the price back........and try to hold the price back until they sell the other shares in a week or month or Christmas or whatever - and then they will buy 88E.
That is the way of the world I am afraid....................
Yes if. Also Cenkos are a bit biased. But their suggestion for the pre-find price at about 5p isn't so silly. Anyway, I would be delighted with half of that! By the way, ignore posters like Miloh. Many a forum has its resident loser who, though usually not invested, spends an unhealthy amount of time naysaying. What a weirdo!
Imo this Cenkos malarkey will do us no favours long term. It’s still a speculative share that could trap people for years , could be 47p or 0.47 p !
5lawsofgold are you saying 88 has been valued at 47p a share? I'm assuming you mean if we get the billions of barrels of oil that we have access to?
I filtered Miloh so not sure what he’s been saying but does he not know that this sp has been valued at 47p
De ramping cannot bring this share down.
see 22:55 08/11
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A very good read
Here is a download link to the November 2019 Cenkos note on 88E, in PDF format.
https://ufile.io/kc6srgsr
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