Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
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Older - you say pumper, people like myself actually hold shares for the long term here. This drop allowed me to purchase cheaper shares and average down to now 0.0028p
You honestly think I'm here just to "pump" when I'm accumulating shares on the dips...
Imagine you are here everyday, just replying to investors and enjoying watching them suffer without holding an actual position. Your day will come Older. Karma will come for you, you sick old fook. You deserve whatever you will get too.
09:24
I can understand 88E, but why ASX & Cenkos?
MMO
Yes that is exactly what I think you are, a blind pumper, working a dump strategy that went wrong
Of course you do mate. You have nothing better to do in life than to come to a board and watch us all suffer to say "I told you so" - where as I'm actually a committed shareholders, who now has a better average. I'm not going to even entertain you any longer, just speaking to you turns my stomach. Goodbye
Chrisev1
88e dont reply
Cenkos are their nomad
ASX are independent, and have some regulatory compliance power
Every investor here has a right to demand answers of 88e after those RNS's
MMO
Your blinkers are fogging up, no one is saying I told you so or gloating
Mystic. I’m not saying “told you so” I am saying buy….berk
This is the bottom IMO. I’m waiting for funds to clear but I will buy ASAP at this price
Surely, better to wait until after placing to average down, to avoid further dilution. The placing will have to be done at a discount.
Also have to consider the effect of a potential consolidation on the sp, if you are serious about averaging down. It's a long game.
Yes your right. Ssccss. However, even after the CR it’s unlikely to go lower imo. I’m wondering if I’m right - second guessing myself.
It's hard to tell I agree but if the raise is at a discount then I would think it's likely to drop to that price. I can't see that there will be anything substantial to uplift the sp in the interim. If there is, it will be be heavily sold into as many are sitting on losses.
Did you warn people on the Panr board about buying in at 130p ? But the knights in shining armour are here to save people from 88e .
Maybe a forward placing has already been done, hence this atrocious SP performance since the flow tests.
"Did you warn people on the Panr board about buying in at 130p ? But the knights in shining armour are here to save people from 88e "
Such a strong argument, of course not, he is no white knight, he doesn't do this for protection of others, the above absolutely shows that, he is here for a shorting attack, simple and end of.
Thanks for reposting Stas . Older filtered me . Doesnt like me turning his bs back at him .
Hi Aus - yes funny that, Older and Scot have both filtered me too which I’m not at all sad about but proves they don’t like being reminded of the type of saddo they both are and I add Dealer into that as well!!
Red, this is why I bought more under 0.20. Looking forward to the price reverse. Way too cheap now.
Hi Red . Yes agree . Funny how they filter people who challenge them . Im glad also . Shows they have no spine .
11.10
Redirons and Ausnsw - that is what's called a lie. I have not filtered anyone on lse. There are two reasons for this. The first is that I do not know how to filter someone on this website. The second is that I read every post on this forum.
Moving on to far more important matters. The cash at hand on 31/3/24 was AU$17.5m or US$11.3m. 88E informs us the gross cost of the winter's operations at Hickory-1 is US$14.5m. 88E's share of the costs (c.75%) is US$10.9m.
However, and this is really important, 88E is the designated operator at Hickory. As such, they are responsible for settling all the bills for the operations. They will then approach their non-operator partner, Burgundy Xploration, for their share of the costs (US$3.6m). It took around a year for Burgundy to settle its dues after Hickory-1 was drilled in Q1 2023. It was blatantly obvious Burgundy had difficulty sourcing finance in that instance. Bearing in mind the results of the two flow tests, there has to be a serious possibility (probability?) Burgundy will default on its 25% shares of this season's costs.
Burgundy are entitled to the full data package from the Hickory-1 flow tests. *If* Burgundy also assess the results are disappointing then they can inform 88E of their intention to default. In so doing, Burgundy will then give up their share of the working interest in the leases, which revert back to 88E.
But look at the maths. Most unhelpfully, 88E has obfuscated once again. The slide pack does not inform shareholders if the cash at hand is before it has paid its contractors any money this season. Has it paid some invoices or none at all?
If 88E is still to pay the full gross amount of US$14.5m then, unless Longhorn has had record production in Q1'24 and kicked in a super-sized dividend, there is a genuine fear 88E is, or will shortly be, insolvent.
There is little point ignoring this situation. I suggest UK/Aussie shareholders contact 88E's chairman to confirm the company's cash position.
*If* the scenario above is half way accurate then forum members must ask themselves how 88E plans to finance its commitments to the Namibia project. How will it pay its lease costs. How will 88E pay salaries and listing costs?
There's normally a very limited list of imminent actions a company can take if the above scenario is accurate.
88E is overvalued at the current SP IMO. Sharebel and others scream that's not true. Ok then, sharebel, where's your SOTP analysis of 88E? Stop playing the man, do some proper research and analysis, and tell the forum why the current mkt cap is justified? Also, tell the forum how 88E is going to pay its bills? Does 88E have enough cash to keep going?
Less abuse, more research.
To the guys on this board who keep having a go at Scot and OW are scumbags. Grow up and recognise good information when it’s given to you. I realise that the majority just follow the pack, but it’s time to hold Ashley Gilbert to account not these two. Your shooting the messengers people TIME TO FOCUS!
Tbf, it was the likes of them that contributed towards the selling... Catch 22
Scotty - are you a shareholder in 88e? If not, why hell are you posting so many times on this board?!
John, Focus on Ashley not Scot and OW. The information provided rom them was factual. Yes it was negative, but the problem was not theirs it was 88e. All this carry on about Scot and OW detracts. We should all pressure 88e for a webinar and QA. Have Scot and IW ask some questions. The answers may cause a rethink on the sp. That would be far more constructive
Redbear another chancer hold AG to account lol! There’s some real die hard derampers here but when they are a FUNDed boiler room short crew they attack day and night! My only criticism is the interview is taking longer than expected to put out! Perhaps you’d like him to put himself in the corner and beat himself with a birch branch whilst repeating must not find oil, must not find hundreds of millions of barrels of oil over and over? Entrants here and now seriously have been given a gift of a buy in! Ruined albeit temporarily by the greed of the MM and the hustling fund targeted shorts - you’re not very clever considering they’ve got a powder dry punishment of JV major waiting in the wings! That announcement would cause the short squeeze of a lifetime! IMHO DYOR GLA
Sharebel: OW and Scot are not against 88e. The problem is your venting in the wrong direction and that is exactly what AG and the board want. 88e are in trouble so we need facts not smoke and mirrors. we should stop fighting and focus on getting answers.