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Copl also apparently had a billion barrels of oil. There was talk of farm in . They had many placings . Share forum basically hounded out the derampers . Share price went from 35p to 0.0021. There’s talk of a court case . Exploration companies are all similar with rare exceptions. Many sources warn against exploration companies . I like many chose to ignore in the hope of multi bagging. I live to fight another day but have moved on to Bitcoin and Bitcoin miners to try and recoup huge losses from COPL, Cineworld , McColls , Bahamas petroleum. Cursed
When a poster who joins only 1 month ago to do nothing but put down 88 Energy and champion PANR, it is pretty clear of their agenda. Pretty much constant “Strong Sell” posts since then with continued regurgitation of Scott’s rantings.
MT’s first 88e post with “Vertical hole single frac, downdip, increased DMax”. Either this person is an alias of Scott…or they are incapable of thinking for themselves. Either way, their opinion carries zero weight and should be ignored.
Sharebel
Those advising caution from 0.5p have been shown to be completely correct in their assertion that the SP would rapidly tumble.
Conversely, even taking any of your posts on 88e at random from the last few weeks one can deduce quite easily that you have less than no idea what you are talking about.
Example:
--
Sharebel
Posted in: 88E
Posts: 11,003
Price: 0.32
Strong Buy
News is so close!!
12 Apr 2024 07:43
Bought more yesterday a quick 10k top up and if it is manipulated back further will buy some more! Getting rather exciting here that tweet was a teaser and news could more than likely drop intraday! I hope so to knock the manipulative MM off guard! Bags to be had here and fantastic oversold entry price right now but for how much longer? IMHO DYOR GLA
--
Bags to be had...? Did you mean bags to be held?
Its just nonsensical spam you are promoting.
The market has already made its mind up, anyway. And that decision is reflected in the sell off thats happened and continues to happen.
DYOR.
I will not be listening to MunnieMoron honestly why on earth would anyone! 47 posts on 88e all negative no other stocks except 5 on PANR…not invested even. On a Saturday he turns up to impart his agenda laden wisdom. We are at an all time low and have funding for 12 months with 2 new huge oil discoveries… so where do we go from here? Logically upwards. Placing stock forward sold over last few weeks, shorted to bring down the SP which fell inexplicably fell back from 44 on our not one but two pieces of transformative good news so the massive naked short can cover. Ah MunnieMoron all things considered I think your saviour services are not needed! IMHO DYOR
...and you can hear the sound of reality setting in here that 88e have once again destroyed shareholder value. All time lows and 3.5 billion new shares about to hit the register.
In total, 28.5 *billion* shares about to be in circulation. That must be an AIM record?
Must ask the question why management did not partake in the capital raise? Rarely a good indicator.
Genuinely am sorry for anyone who invested in 88 and lost money, especially for those who were taken in by the pumpers on these boards. Many tried to help guide novices over the past few weeks that the Hickory results would ultimately tank the SP and a capital raise would be forthcoming. Quite a few listened and got out, so well done to those few.
This is useful as a summary to help balance the issue at hand since many keep making comparisons betweeen 88e and PANR, understandably.
https://www.reddit.com/r/PantheonResourcesPANR/s/amvgPtaAUp
I agree, Brombarb
I don’t think it will move much from current price unless we get amazing drill results and/or a decent farm-out partnership
15:58
In my opinion SP could just meander at current level +- a few percent for the forseeable future with only the possibility of news of farm outs at Phoenix or Leonis to give a fillip.
PEL93 Namibia 2D will not be a catalyst, Longhorn also will not impact on SP.
As for "fully funded " we have post flow test costs from Phoenix, we also have stage payments at PEL93 to manage.
Company has forecast net inflow of US$3M at Longbow, which I assume is after workover costs.
So we should have funds to cover rents and planned activity but that is all.
Overview of Developments. I’ve written an update on PANR in response to questions being asked.
https://www.reddit.com/r/PantheonResourcesPANR/s/amvgPtaAUp
Posting it here for your info. As it pencils out the current opportunity for State backing of O&G companies on the N/slope.
My Discord, if you join is not a place for PANRv88e infighting and any such posts will result in banning.
But there is a link at the bottom of article. So if you find yourself in Flights investment server [FIS] play nicely.
All the best
Flight ✈️
Exactly how much are you losing in your large holding Sharebel?? 🤡😂😂
Munniemoans ‘offsetting’ lol so what imaginary price did these SOPHs buy at…I am waiting? They would not be rich SOPH’s if they held onto their positions failing to sell when the price rose into 0.44’s on 1st discovey or indeed at any point much higher than this 12 month ATL. I am all ears Munnie so torx to me! IMHO DYOR
Hsg.
Is it speculation that 88e are down 61% on the year, 40% on the month, and 23% down in the last week on the 'successful' drills. And is it speculation that despite 3 rns to try and get the price up 88 did a 40% discount placing at company lows at 0.16p that no director participated in to sophs and insties that are being sold into the market as we speak, as evidenced by the enormous below mid point reported late prints daily...
No, its not specualtion. Unfortunately its reality.
The two are not the same.
1) 88E has had 2 successful drills and we are still waiting on results.
2) Texas is ticking along nicely
3) Exciting new prospects in Namibia
4) Fully-funded for at least a year
…everything else is just speculation
…in your opinion
The only thing you can be sure of is Brombard will keep ramping and loosing money, spouted his drivel when the SP was 3p about and the other surety is the SP will keep falling on never ending dilution until the BOD gets Sussed, money then runs out and the administrators execute the receiverships.
As expected, huge after hours prints of sells below mid point in day (.165-.180)
Offsetting by sophs.
Will simply continue until they are done scraping some marginal profits. Shares will officially hit register and of course SP will tumble further on the dilution. Chain reaction coming.
Standard operating procedure when brokers help out the sophs and insties... Like clockwork.
Sharebel will have some other explanation all the way down to sub 0.100 Im sure.
And a lot on here don't understand this. They think it's binary.
I am turned off buying panr from the serial ramping crew in here and not even posting on their own board.
Bill Armstrong managed to complete only one of three drills planned this season, Alaska is a tough place nothing can be taken for granted.
https://www.petroleumnews.com/pntruncate/456708273.shtml
Skippy please come on have you not been around the block and see/know what is happening in front of your eyes? WHERE is the stock coming from to sell so many big trancges and so low just above the placing price if not from the actual placing stocks? Give your head a wobble as all you are doing is falling in line with the false narrative! IMHO DYOR
Sharebel
You are utterly clueless…….
Lol Mike then THINK ABOUT IT - so these ii and sophisticated investors held large amounts of stock all the way through the share price over last 12 months reaching 55 and the lowest placing price last year was 0.23 so are you honestly believing thay they think ok (and this is not just one but many according to Old Duffer many to explain the huge trades) ok let’s spend more money at 0.16 and take a massive loss from the stock we currently hold in order to do so? Yeah right and they didnt think for one moment to sell any when they could’ve even a few weeks ago at 0.44! Wow I think both of you do not qualify as sophisticated investors then! If any ii did that they woud not last 5 seconds in the City! OldDuffer is an aid of the Oz naked shorting fund even he now with this theory actually underlines that if that were true that the sophisticated investors and ii think it will rise above 0.16! He has tied himself in knots and now stitching himself up lol. So where is all this stock coming the large trades sells from if it’s not the 0.16 current placing shares being forward sold! I rest my case! IMHO DYOR
In reality there are placees who will sell quickly based on a small margin and placees who will hold for longer. It's no different to any other investor or trader except that the placed shares are relatively cheap and that means they are more likely to buy. But then since the placing was announced we have all had the option to buy at more or less the placing price.
Right now the sp is pinned to the placement price and will be until the new shares are added to the market next week. We are simply not close enough to the next news event for the sp to detach itself from that. It's like a huge anchor for now. Who would want to buy shares at significantly more than the placement price right now when they know that next week a whole stack of them land for .16?
All assumptions though as none of us know for a fact
Or have twice as many shares with a slightly higher average ;)
i think i agree with olderwiser here.
if you can buy £5m worth of shares at 0.0016 and you already hold £5m worth and can sell at 0.00169.
you would as you would gain about 150m new shares which could then gain in value as the sp increases.
feel free to check by bag of a *** packet calcs