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Yes Scot. That guy…because how he decides to spend his own money is frankly entirely up to him but the rules of ASX dictate that all developments have to be accounted for and fairly reported. So he can’t say things like “very good results “ when results are poor…despite what you and your buddies would love people to believe.
And forgive me for calling 88e a mining company but they do mine the Permian basin I believe. Arguing semantics to try and sound cleverer than you are highlights just how petty you are.
Older, I think we can all agree now that 88E will not be drilling again in Alaska without the support of a partner, and likely nowhere else, what we can't agree on is whether any of the news was a success or not. You and the market say no, LTHs say yes for obvious reasons, so why are you still beating a dead horse? I think you and others have succeeded in informing us all that 88E is not a commercial oil developer so please leave us with a little hope.
Derampers, you must be very proud of your achievement, we LTHs have lost out yet again.
Onwards and upwards with my other companies, I hope.
Scot, HSG was referring to the lawful side of AG regards his interpretation or promoting of success, nothing to do with whether he was a shareholder as why indeed would he listen to someone who wasn't?
It's getting old this argument, and almost as boring as the price of a barrel on one side of the fence or the other.
00:03
HandspringGuy - are you referring to Ashley Gilbert, MD of ASX-listed E&P company 88 Energy (not mining company)? The guy who is so confident in the quality of his company's assets that he hasn't invested a single Aussie dollar in the company shares? That guy?
The guy who *elected* to take his first 88E bonus in cash rather than shares? The guy who has sold *all* the performance rights granted to him as soon as practically possible (Jan '23 and Jan '24). You must mean that guy, correct?
The guy who didn't find 0.16p a sufficiently attractive prospect to support yesterday's fundraise with a single dollar of his own cash?
You surely cannot mean that guy, can you HandspringGuy?
To the person or persons thinking Dave Wall may be lining up a triumphant return to executive duties at 88E, why on earth would he do that? At Inyati Capital he's clipping a mighty 6% of funds raised in every fundraise since he departed the company in April '21. If I was a betting man I'd bet Dave Wall departed 88E with a huge database of contact details of investors/traders/punters who had a connection with 88E during his time in charge. I would be mighty surprised if good ol' Dave Wall's Inyati Capital hadn't collected a 6% commission on the *majority* of the AU$100m capital raised by 88E since he departed. Do the maths, folks.
88E shareholders have treated Dave like a king, or perhaps cult leader is more accurate? 88E bought XCD (in which Dave was the largest or second largest shareholder, remember) at a premium, and then bumped the bid further! They also paid him a decent salary along the way, naturally. Then he and Erik budgeted for and overspent on the stranded folly which was Peregrine, soaking up the benefits of an organised social media campaign as they went on their merry way.
Yep, you must mean that Dave Wall? He's some guy.
By the way, Brom, you never did get back to the forum with an answer to the question posed about Erik Opstad. Is he still retained by 88E? If not, why not? You stated you had excellent communication links with the company....what's going on?
Neither older nor wiser ......
OW, you keep talking about the poor results…but the company says the results were very positive.
Now, who should I believe: the CEO of an international mining company, mandated by law to be upfront and honest? …or a keyboard warrior with an axe to grind?
I think I’ll go with option number 1, thanks
Read very carefully
Commencing a formal farm-out process to attract a high-quality new partner to fund the next
stage of appraisal and development;
What does that mean, It means the next well is going to require a new partner, no new partner, no new well
88e are walking away from any more big spending on Phoenix, makes sense given the poor results, kick the can down the road, keep looking for a partner for a few years, keep hope alive
Aaaaand any large sells that have taken place would be history now, like the ones under 0.16 earlier today. Onwards and upwards as they say.
16.5
16.9
17.0
…I’d say they were probably large buys
Johnwick
You mean the multiple large sells that have been reported after hours? Those 'buys'?
Mmmm hmmm.
Munnie, the biggest deramper of all. So all the buyers now are mugs then, especially the 25m buyers. You will eventually have egg on your face, Matter of time.
Looks like gerbils here still saying it will go up.
Chief gerbil, Sharebel (sharegerbil?), keeps buying (or pretending to).
All time lows SP after a 5m capital raise and more to come.
Theres the Markets answer to this 'oil discovery'... dilution and more dilution.
See you at 0.1p soon enough.
Very good sharebell , but just to know the shares will hit the market soon and is a lot to digest before is gonna go higher
Or sharebel topping up again, rude not to as he would say.
127,500,000 sell at 0.166 over £8,000 made on the flip?
I dont think 88e can recover from this one in any way other than extracting oil at someone else’s expense.
@share******* @ 14:27 😂😂😂😂 you’re such a liar it’s brilliant
Not sure how much can be done it 12 months but all investors were fed up with the annual " Drill" which has an annual cost of over £20m. Looks like the narrative has changed and about bloody time! Money Money Monetise and at a current market cap of £43m I believe things can only improve for 88E. Really hope so. 500 million Barrels of light oil in the ground in the USA must be worth a hell of a lot more than £43m. And that is just one asset. Surely the directors can convert this (Hickory 1) into great shareholder value and enough cash for the company, can't they?
And hopefully stop this incessant quest of raising cash to drill more holes when nothing has come off the many many holes already drilled :) except to tell us of how promising the assets are :
DYOR and GLA
Not even Sharebel is that foolish
Another £14k addition to my position for me today thanks very much! Marvellous! Could not resist! IMHO DYOR
Course he has chief, course he has
Sharebel Mitty still hasn't got a clue so just makes things up.
Afternoon Peeps..........!
an sorry to bother you, but who's this multi # tag Tweeter (x) .........? :)
https://twitter.com/Goodshare1/status/1783044312592253376
promoter of # 88E.........? :()
All the best (this person needs help..........! :)
Brom has done alright. If you look in the 27,000 posts you will find two or three where he talked of trading it. Just like Dave Wall he has played it well.
Ah bless the Oz shorts trying to dtop in a few big fake sell trades at the 15.50/70 mark well below the live bid wedged in between buys at 17.10s but unfortunately for them they got gobbled up with some very big buys…it’s not the placing stock @0.16 that’s for sure! Manipulation ‘naked’ shorting right there- all SINT trades too. Oz fund naked shorts will be squeezed tight until the pips squeak! Cannot wait! IMHO DYOR
2024-04-24T10:02:08+01:00
GBp 0.171 146198 248.54 Off-book AIMX
2024-04-24T10:01:42+01:00
GBp 0.171 453698 771.29 Off-book AIMX
2024-04-24T10:01:36+01:00
GBp 0.157 10000000 16,000 Off-book SINT
2024-04-24T10:01:36+01:00
GBp 0.1575 10000000 16,000 Off-book SINT
2024-04-24T10:01:27+01:00
GBp 0.155 7500000 11,250 Off-book SINT
2024-04-24T10:01:27+01:00
GBp 0.1555 7500000 12,000 Off-book SINT
2024-04-24T10:01:14+01:00
GBp 0.1625 101451 162.32 Off-book SINT
2024-04-24T10:01:14+01:00
GBp 0.162 101451 162.32 Off-book SINT
2024-04-24T10:00:42+01:00
GBp 0.1701 2446 4.16 Off-book AIMX
2024-04-24T09:57:42+01:00
GBp 0.1705 348416 592.31 Off-book AIMX
2024-04-24T09:56:45+01:00
GBp 0.17 25000000 42,500 Off-book AIMX