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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
Taxi
Apply a different logic, if you have a losing trade, and someone offers you a deal to replace all your losing shares with cheaper ones, would you take it. and sell your more expensive ones.
The margin between the cheaper shares and what the market pays for the same number is yours. You have not got all your losses back, but you have got some cash back and have the same number of shares
Have to agree with this one Older, if they are selling held stock they must be making a loss.
Sharebel
Take your ramping hat off, and put on your thinking cap.
It does not matter what price they paid, that was a different mistake. This is their opportunity to recover a little of that, by playing the margin between the new issue price they have secured, and the market price. These people are more rational, and experienced than the average punter, you so try to play, with your MMs and conspiracy theories
Oldduffer explain when they would’ve acquired them? When?At what price? You are talking absolute bull! We genuine shareholders will not be helping out your Oz naked shorting activities! Nobody in their right minds would think now is the right time to sell! You Sir are telling porkies and you cannot support or substantiate your assertions because its b*llocks! IMHO DYOR
Now cannot buy a bean NT on buy side for all amounts! I can still sell all my large holdings how curious! Looks like the demand for stock is growing and growing! MM playing their games to actually collect and no bites! Obviously! IMHO DYOR
Sharebel
Just rubbish from the resident pumper. The Sophs are more than happy with small margins, its their model, they play several a week, its not like 88e is the only game in town for them.
You can be sure any that got trapped in the previous raises are not happy
OldDuffer then your analysis means you have marked them out as complete idiots not sophisticated investors ah they’re selling what exactly large amounts of shares they held now but when the price reached 44 few weeks ago they didn’t sell, and continued still to pass up weeks of opportunity to more than double their profits in 30’s eg 100k extra on that 89k sell today but choose to make a few pennies worth from their existing holdings now at 12 month ATLs? Thing is that’s not even true is it they would be making a huge loss! As when do you assert then did they buy these large tranches of cheap stock? At what price do you mean exactly as the 0.16 is far below last raise at 0.23 and SP is only now at this level currently an ATL over past 12 months so they couldn’t have bought them all in these vast amounts on the open market so where did they come from -utter rubbish listen to yourself. You’re in knots now. They knew weeks ago. Sold and gone. Keep piping your fake narrative and spending all your time on here. You are an Oz puppet of the Oz fund naked shorters. You’ve gone too far and you stick out like a beacon lol! IMHO DYOR
Seems a shame that there are currently exactly zero posts on the PANR message board this morning. Some of you seem to have got lost!
Obviously I am not a sophisticated investor.
And once again spread is wafer thin how bizarre! I can sell both large holdings but cannot buy them it’s off into NT obviously! Currently most anyone can buy live quote is max 6.6k not alot is it then NT! Smoke and mirrors play. IMHO DYOR
24 April 2024
88 Energy Limited
SUCCESSFUL PLACEMENT TO RAISE A$9.9M
Highlights
· Completion of oversubscribed share placement to raise A$9.9 million (before costs) to domestic and international institutional and sophisticated investors at an issue price of A$0.003 per share (£0.0016 per share).
Sharebel
It is as simple as pie, some investor are selling and moving on
The sophs who already held shares, know they have an allocation coming, and are selling their current holdings, for whatever they can get above the issue price of .0016p. Then pocketing the difference well in advance of the rest of the herd of SOPHs arriving next week
26-Apr-24 09:05:25 0.1637 51,250,123 Unknown* 0.16 0.165 83.90k
And another example! Where o where did thou get these from Mr Market Makers? Pray do tell! Unbelievable but hey they aren’t hitting the market until next week? So where did they come from? Perhaps Scrotum126 or OldDuffer could write their thesis on this? This can’t be a genuine short at this level to be dropped in just above placing price there’s no point at this juncture. Naked shorting? Are they trying it on to cover? No genuine holders would follow suit to sell now in any worthwhile volume that’s for sure. Hey MM we see you and it’s all noted. All the while MM happy to allow me to sell them my two large tranches all in one go! Company sit idly by and do nothing when massive trades being made pre submission to the market of the actual placing stock next week and you naive folk think forward selling isn’t/ hasn’t happened. I would be mindul of that next week when the charade is played out of the placing shares entering when reality is they have been and gone now over past weeks. Don’t let the shorts left off by following that fake narrative - I would be buying up all I can now and next week! IMHO DYOR
09:15
That's because they want us to invest in PANR. Some here are falling into their trap.
Newslash, people talking more about PANR on the 88E message board, litterally couldn't care less about their ups and recently downs :-)
Gemstar 07:09
You are getting worse
After the $120m is spent, PANR will be in production, with its own hot tap connection into the TAPs pipeline, it own oil and NGL processing plant, running 3 production wells.
Based on the latest SMDB flow results, and SLB modelling, generating sufficient free cash to self fund up to the 200,000 barrels a day of production, the full fields development is targeting
Go and research all the steps and detail for yourself, but answer this, what value do you think investing the money will have on the share price. Remember the target is market recognition of $5 to $10 per barrel
It is not in the potential dead end stage of exploration, they have found it, flowed it and assessed it as commercial, so now brining it into production
PS In case you are unaware the CB loan can be paid in shares or cash at PANRs discretion, so paying in shares is no drama against the rising share value
Does anyone know when this is ?
88e should go into fruit exploration, the all seem to find plenty of JAM,
Rinse & Repeat just like my craic
Another excellent analysis by Scot
Once Hobbo has managed to raise The $120m + $30m to pay off PANRs death spiral finance, Panr will be an excellent investment
Both Panr and 88e are textbook examples of stockbroker advise not to go near O&G plays unless there is at least $50m clear cash on the balance sheet
He so far past biring :-)
23:47
Scot, still doing the same thing - you are getting boring comparing 88E and PANR. How many more times?