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Still funded thru the end of FY24, what are you guys on :-)
Owls Ive been spot on with 88e.
Now 10.5p bid as I predicted. This is going to zero.
-
0.11p in coming this week?
2 Jun 2024 23:16
Seems very likely 88e will see 0.11p this week.
Shorts will continue to feast here for the remainder of 2024 almost certainly.
Wont be long before it dips below 0.095p
Don't worry Brombarb will still be posting here like a Japanese solider. Must be at 40,000 posts by now ay Brom?
Not weird or suspicious at all.....
Years of lining their pockets by a bunch of clowns that clearly don't have a clue about what they are doing. Sad to say but 88E is now boxed into a corner and going under.
Suspect this one will be bust in a matter of months if not weeks, if not it could quite possibly end up the first trillion share issue company on Aim.....after all the directors need to squeeze every last bit of juice out of it!
The shorts are feasting over at PANR today I see, caviar at 20p Munnie
Thanks for your shares
If there was any confidence at all in any of these projects then at the very least ..the current price would at the very least stabilise instead of being unsinkable then sliding down into the ocean like the titanic ...this is now beyond a joke.
Still, glad to see confirmation of significant resources, good job
Ayecuramba
Not resources, not even contingent resources... 'prospective contingent resources'.
Which in reality means years of capital raises to even get to the contingency stage. Wil never happen. Exactly what the Bod likes.
More jam tomorrow.
This will continue to slide in the 0.00's eventually.
The 100,000,000 sell yesterday must have known about the relinquishing of the acreages and got out. Sensible.
Glad to see confirmation of significant resources, good job
More jam an c++p to keep the directors faces in the trough. Nobody believes a word they say anymore, just a fantasy company.
So here is proof of what i said. Another placement coming up another 25bn shares (certainly at this price) to get anything like enough to pay salaries and maintain lifestyles and pretend to be exploring for oil. Not me that is for sure.
so umiat and icewine west are to be divested/leases relinquished. a number of forum members decried my assessment that umiat was worthless, icewine west much the same. there was widespread contempt at my valuation with heaps of wailing and gnashing of teeth. lo and behold, the company is looking to save money by ceasing to pay the annual lease costs on that acreage.
peregrine will be next. it's a stranded asset at best and relies *entirely* on other conoco projects being developed and constructed prior to even considering any further appraisal at that location. plus the geology is highly, highly questionable. 88e shareholders must be delighted with dave wall's decision to **** >us$60m up the wall on that acreage.
but not to worry! dave wall's xcd shareholding was purchased at a significant premium by 88e => received 88e shares in scrip deal only to sell them into the suspiciously organised us otc spike of 2021. and erik opstad's elko (project manager and prime contractor of both merlin wells at peregrine) made two fortunes: completing the merlin wells (at double the budget) and circular invoicing/placings allowing elko to trade the us otc spikes in 2021/22.
they've played 88e shareholders like a stradivarius. and 88e shareholders are still paying dave wall's inyati capital 6% commission on funds raised since he departed 88e in april '21.
can't help recalling olderwiser and rabito79 and scot126 urging uk and aussie shareholders to hold their company officers to account. i think i even wrote content for a letter to the chairman! all we got was personal abuse and threats in return. and forum members who held 88e have lost their socks.
by the way, brom, you never did get back to the forum with an answer to whether erik opstad is still retained by 88e? if not, why not? he was the boss of alaska operations for many years after all. remember you told the forum repeatedly that 88e management always replied to your communications very swiftly? hmmm........it stinks.
Here is the link to the MPR ;-)
https://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvTDYL4Q%2B8yxfwv48B%2BrFiGug%3D
Project Leonis Maiden Prospective Resource Estimate Complete RNS due out in a few minutes.
No missed the boat . I'll go down with the ship captain. Not bought for yrs tbh got a few still but they are worth nothing
Leases Closed Expired
Leases to East of Dalton Highway, Sag River
393088,393091,393132,393134,393139,393140,393141,393142,393143,393144,393145,393146,393081,393083,393085,
393086
https://dog.dnr.alaska.gov/Document/Download/D50766D4821345BA811EF690BFD49164/North%20Slope%20Notification%20Lessee%20Map.pdf
I'm afraid your wrong about Duster Dave not finding oil l think you will find one of his reports showed we found oily clay ....l must admit l could not stop laughing when l first saw that in print...then the share priced dropped and l laughed no more ....l feel sad about the way things are going here...all the carrots are for the directors and all the sticks are for whupping the backsides of the poor shareholders..
Forward plan is everything. If the CR was at £0.0016 you'd assume they won't have churned much before being in a loss holding. resource estimate if positive will help but a lot to churn if it gets over that threshold.
Understanding the next moving and partners / funding will be the best opportunity for may material increase in SP...unfortunately
100,000,000 0.121... That is one huge sell late printed from this morning.
Whoever sold did the smart thing.
The shorts are feasting here and this will be likely be 50% down again in a flash. Be amazed if this even doesnt hit the 0.105 mark by Friday in my opinion. The charts looks truly scary.
Market wised up in the end.
PANR on the other hand are about to release Cawley Gillespie report on western Aphun. New reverves numbers incoming. Price responding in anticipation. Understandably.
Yep can’t imagine it will be long until the lights are out for good TBH
Luckily you sold and don't care any more, great for you :-)
what a dog 9f a share.. hope alot didn't get caught out with the bull**** that the muppets put on here..
And did Dave find any oil? no.
I am waiting for the final contingent Resource estimate for the SMD and SFS due soon.
Guess this has been missed...
"In addition, the Company plans to work with independent geological consultants to secure a
Contingent Resource estimate over the SMD and SFS reservoirs (complementing the previously
announced Contingent Resource estimate over the BFF reservoir; refer 88E ASX release dated 6
November 2023). Completion of these estimates is expected during Q2 2024."