The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
15:23
Unfortunately you did not need a crystal ball to know that a CR was inevitable, there is no magic money tree out there and for a junior explorer options are very limited.
Would those invested (only ones who matter) prefer the company does nothing , be unable to pay rents and ultimately cease trading?
At the moment forget all the talk of more dilution ,what is important going forward is whether any funding raised is going to be used wisely to grow the business and utimately create shareholder value.
I suspect that the BLM leases will ultimately be given up leaving us with Phoenix, Leonis, Icewine West and Namibia, I am discounting Longhorn as development opportunities are limited, can these projects work?
The company has promised cost savings at head office level but there is no detail yet apart from the information that Robert Benkovik 's contract will not be renewed but as far as I aware that is all so far.
Finally the Company's AGM is 13th May, I would suggest that investors should not waste their votes , voting via UK brokers is (if HL is a good example) very simple with minimum effort, by I believe 8th May.
well indeed eye spy some chunky buys… but but they didnt listen to tosspot, *******sthebuilder, wetlettucebe, old duffer, munnie******, scrotum126 et al how odd they haven’t taken their advice and seemingly bought shed loads! well knock me down with a feather! imho dyor
23-apr-24 17:07:05 0.166 5,500,000 unknown* 0.16 0.165 9,130 o
23-apr-24 15:57:34 0.165 25,000,000 unknown* 0.16 0.165 41.25k o
23-apr-24 11:44:58 0.1595 20,000,000 unknown* 0.16 0.165 31.90k o
23-apr-24 13:29:48 0.1605 20,000,000 unknown* 0.16 0.165 32.10k o
23-apr-24 15:57:34 0.165 25,000,000 unknown* 0.16 0.165 41.25k o
23-apr-24 15:54:51 0.165 25,000,000 unknown* 0.16 0.165 41.25k o
23-apr-24 14:49:33 0.165 15,987,909 unknown* 0.16 0.165 26.38k o
23-apr-24 12:40:31 0.162 6,270,123 unknown* 0.16 0.165 10.16k o
No
You have absolutely no idea that these shares have been forward sold, so you are telling porkies right there. Judging by the fact they have had to offer a 40% discount these new shares are not exactly popular. There are going to be over 3Bn new shares that are going to be sold as quickly as they can making them a very nice profit. So don't set people up to lose money only complete shy..ers do that.
No horizontal until they find a partner with deep pockets Polly
Sharebel, final free bit of advice to make some gains (rather than losing it on 88e)... buy a few PANR before the end of this week. Aphun LK report due, including commerciality assessment.
Up to you.
Or... you could stick to 88e placings and dribble down stock price here and lose out yet again.
Sharebel, er yes,I think whoever bought 99k worth at .22 is very,very worried, and so he should be.but you will be fine as you're probably up 20% today and 50% up on the week. Going by your Walter mitty calculations .the only person in aim history to have made money on shares that have fallen 30% 50% 70% three gone bust,but you made money on them all,amazing.
You are certainly polishing that turd well!
GL.
88 Energy ist darauf angewiesen, bis 2025 Käufer oder Investoren zu finden, um eine erneute Kapitalverwässerung zu vermeiden.Andernfalls könnte der Aktienkurs auf das Minimum von 0,0001 fallen.
No.
yawn munnie thanks see you off you go close the door behind you. you were never in only a shorting spreadbet wazzock churning out the same post for your friday beer money. now posting fantasy.
derampers and 88e critics - it’s done get over it - i have! this is the stockmarket it’s a tough game but play the players and buy. we already know it has been majority forward sold so get over it. the one thing you had in your pathetic ****nal was shaking the stick at investors that there would be a placing always using that eg as a thread title to shove in some fear. companies place and raise. they should have waited and raised higher but now holders or new entrants, you have same opportunity right now to buy at placing price for the moment . take the opportunity don’t take it i really don’t care! but today we have built a stronger balance sheet to now make the move from explorer to oil producer a reality and absolve any doubt that we have enough funds to get it done!
i don’t care what bashers say dont buy then i really only care about what i’m doing or what the market makers are doing and will comment in response when i see manipulation. do you think eg the buyer of 90k’s worth last week @22 is worried? no sir! i’m in for half that amount…may be more if i feel like it and now with a super sweet average! imho dyor
'people have been warning for days', there have also been rampers with conflicting posts so yes obvious to derampers and those that believed them. As for me I heard both sides but didn't buy or sell. Not head in the sand just not prepared to take a loss. I would rather sit on them longer and hope for the best. In hindsight we would all be right and rich if we cherry picked information.
Ssccss
So many warnings but none as blind as those who will not see, I guess.
Keep buying, Sharebel.
Next placing will be after Summer most likely. The Sp will dwindle down to the 0 1's. But it doesnt matter to 88e as they can keep placing all the way down to the 0.000001s as long as there are Sharebels out there to participate.
Sharebel: 99% down... "Its MM manipulation! Buy!!!"
Also Sharebel: 99% down over all and 3% up on the day... "whooohoooo its going to the MOON!!"
Also Sharebel: 99.999% down... "MM manipulation!! Buy!!!"
Classic AIM gerbil.
Anyway. Think the point here is well proven.
See you again at 0.1p
Bought in to this a few years back and then sold at its highest. Always had one eye on the share price and seen it is super low. I can see that there is a placing. Would you say it’s worth a shot and buy back in?
I really don't know how much more obvious it could have been this week. 3 consecutive RNS's... All those news articles... Yet nothing of substance in any of them. PR frenzy before the placing and a rubbish placing only raising £5million at a 40% discount. Pretty atrocious.
Taximan, it can't have been a shock... People have been warning for days...
Not shocking just pretty obvious as track record shows . Quick trade only for me as always on this one may have another pop at .14 maybe .
So balance sheet now minimum 23.2 MILLION and off we go with all of the below and onto swiftly COMMERCIALISATION! Bring it on! So if this had risen initially as we all thought on 2nd excellent discovery news last Monday it opened at 33 v 35 all those wanting in would’ve been paying up to 45+ no doubt as before. Now we have a gift horse with same results and same prospects but has allowed current holders to significantly improve and lower their averages impoving gains as we move away from this level just in time for what we know is going to be a very rich news period with plenty to bolster the share price here. So for the sake of a short period of time (we know its been naked shorted & forward sold that’s the mechanics here so reality is very little will be left & not for long) when last of placing churned we get a seat to ride back up. Even the shorts will be mopping up whats left of the placing stock as once it’s gone, it’s gone. IMHO DYOR
‘The net proceeds of the Placing, together with the Company's existing cash reserves, will strengthen the Company's balance sheet and will provide the Company with sufficient capital to fund:
· Project Phoenix, Alaska: Following the successful flow testing at the Hickory-1 discovery well, 88 Energy will be focused on:
o Completing post-well testing and analysis at Hickory-1;
o Securing a contingent resource for the SFS and SMD reservoirs;
o Commencing a formal farm-out process to attract a high-quality new partner to fund the next stage of appraisal and development; and
o Advance planning and design of a early stage production system.
· PEL 93, Namibia: Completion of 2D Seismic program, generation of a maiden prospective resource report and other studies associated with the Owambo Basin.
· Project Leonis, Alaska: Securing a farm-out partner to fund a future exploration well to test the proven producing Upper Schrader Bluff (USB) reservoir and continue further studies and analysis.
· Funds will also be applied towards Alaskan lease rental costs, working capital and assessment of further new venture opportunities.
Following completion of the proposed Placing, the Company will have sufficient cash to fund its ongoing working capital requirements and general and administrative overheads for at least 12 months.
88 Energy has made the decision to complete the Placing to secure funding arrangements to fund the transition to post well analysis and to secure further Contingent Resources at Project Phoenix.
The Company intend to commence a formal farm-out process for Project Phoenix following completion of the Hickory-1 post flow test analysis, with the aim of attracting a strategic partner for the next stage of development and commercialisation.’
It's a bit rich when non holders are even arguing about other companies on this board. Please leave us in peace to lick our wounds. Today was a shocking result for LTHs.
Sharebel is Walter Mitty on steroids.
Monet you seem to be thinking that I run 88e? We have as released last week 17.4 million in bank pre this placing. I attached and highlighted the words from the VOX markets overview. We were fully funded to carry out what we needed to do on all projects so we have now gone to market and raised a futher 5.8 million which includes working capital and other ventures outisde of project advancement too!
Here it is
notice the line here *** * ‘88E is FULLY FUNDED to develop Project Phoenix and its other assets’!!! ****
‘Positive results from multiple reservoirs means significant upside in future development via multiple commercialisation options. These include a farm-out to a strategic partner or early capital-light production, given the acreage's infrastructure advantage of being next to the Dalton Highway and Trans-Alaskan Pipeline System. The project benefits from the ability to produce concurrently from multiple reservoirs in a single development scenario.
Project Phoenix is being jointly developed by 88 Energy and Burgundy Xploration.
88E has a 75% stake in the acreage. As of March 31, 2024, 88E is fully funded to develop Project Phoenix and its other assets in Alaska, Texas, and Namibia.’
https://www.voxmarkets.co.uk/articles/88-energy-s-hickory-1-flow-test-yields-dual-success-unlocks-upside-in-multiple-development-options-73731a3/ IMHO DYOR
Rubbish ! It spiked In 2019 to 20p ish because of the so called biggest oil strike in georgia for 50 YEARS then turned out to be mostly water then Placing at 12p . Rubbish ever since I remember the Proactive video . I suppose the only half decent thing about BLOE is they have 750 million shares in issue instead of billions and more and billions like this pile of you know what 88e . Quick trade only for these AIM dogs these days. Byee
Time will tell if it's a bargain I guess. The buys Vs sells listed is determined by this website and shouldn't be taken as gospel. If you paid below the spread midpoint is will show as a sell, above and it's shows as a buy. If it's bang in the middle it's marked as unknown
Ok Syrup so i got a bargain then GLA
It means the price you paid was below the midpoint of the spread so this website has assumed it was a sell and marked it as such.