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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
Sharebel
All these stocks have gone down in a straight line since you have been pumping them. But you made money in all of them??😂😂😂🤡🤡🤡🤡🤡I’ll leave it at that……..
Monet2, the problem. Is that line was in an article reposted by the official 88e Twitter account. Shows utter contempt for shareholders. Timing of placing shows they were not willing to present further findings of flow tests in a webinar to persuade investors the market got it wrong. Poor form all round and I genuinely feel sorry for those sat in further losses.
11.55 sharebel , I suppose you're in the money with these as well. You said you've bought more at about 19.5 then you average down again about 19, going off the time of your post yesterday. I hope nobody bought in on the back of your post!! (notice the line here *** * ‘88E is FULLY FUNDED to develop Project Phoenix and its other assets’!!! **** ) you should be banned for your misleading post. You are still posting your rubbish. SHAME ON YOU. notice the strong buy in your post lol..
Sharebel
Posts: 10,957
Price: 0.1925
Strong Buy
RE: Market abuse22 Apr 2024 12:54
The company now need to issue a ‘we know know no reason’ RNS to knock the naked shorters out once and for all! Imthink they will or indeed they must! Its coming! I have just bought another 10k worth in 2 trades. Most red trades on here in 19’s are actually buys! IMHO DYOR GLA
Sharebel
Posts: 10,957
Price: 0.195
Strong Buy
Market abuse22 Apr 2024 12:25
15% down that seems legit? Not! All noted once again worked down and down on nothing! Market abuse being played left, right and centre here! Not playing their games and have just bought more! IMHO DYOR GLA
Ah the builder12 is on his teabreak I see so let’s review his nonsense as he always wants to make me the target!
Metro Bk @ 55p + now 32p - money made tick ☑️ not invested currently and no loss
Ethernity @ 4p, 3p, 2p now 0.9pm money made tick ☑️ not invested currently & no loss
Vast at 0.40p now 0.43p and that’s after a 6:1 reverse stock split!!!! - money made tick ☑️ was not invested at stock split & no loss
COPL - bust - TBD ( already made my losses back) High net worth shareholders action group suing watch this space
Bidstack - bust - money made tick ☑️ not invested for a very long time & no loss
NNN - bust - money made tick ☑️ & no loss that was yrs ago
Here’s a thing as well as buying you can sell! Who knew! It is both entry and exit points which are key - I have taken my average down here significantly as I have the funds to do so. However I may think about selling in the 65-75 region. Is that ok with you? I can trade for more stock position too to accumulate do I need to sign this off with you? I can assure you today does not faze me at all. In fact it has stolen the deramping shorters narrative of fear of a placing and deactivated it. Get a life Builder you’re obsessed with me! My portfolio is huge lol the green monster lives in your head it seems rent free!
IMHO DYOR
Final thing before I pop off for 12 months. Sent Bilbert a well structured but scathing email regarding their strategic risks and challenges that they must address.
Of course they’ll be no response but I feel better and suspect a number of points would be shared by most/all shareholders.
Ball in his court.
*billion
10.57 Farm out activities will hopefully be the funding for the next drill. More than likely Leonis. So no not necessarily another 5-10 million shares.
Handspring and that’s the way to do it clearly top up time and right now spread is wafer thin signals next level coming in. A very attractive entry too for new entrants now. Funding out of the way company secure and fully funded on all fronts, all projects - bashers have nothing to offer now except fantasy fud rants. There is money to be made here -multi bags. If you don’t agree off you jog and pick from the 1000’s of other stocks you can buy on the stockmarket- who knew!
My timeline filling up with green boxes always a good sign! IMHO DYOR
I just bought another 2M
Some of Sharebel’s recent racing certainties……
Now let’s just see what he’s been peddling in recent times before disappearing…..
Metro Bk @ 55p + now 32p
Ethernity @ 4p, 3p, 2p now 0.9p
Vast at 0.40p now 0.43p and that’s after a 6:1 reverse stock split!!!!
COPL - bust
Bidstack - bust
NNN - bust
The list goes on…..
Beware this 🤡
Thanks Ilovesocks but we are all grownups and we can read between your lines. We really don’t need you to hold our hands! Work that short baby work it! I’m buying more and right now we can buy cheaper than the boys in the city have been offered! We all know it has been forward sold anyway. FULLY FUNDED for 12 months with all our projects being advanced and JV farm out agreement coming soon. I expect they already know who is the JV and this is when we will get the we now own 100% having bought out the remaining 25% Phoenix RNS! I’m therefore expecting the placing to have been oversubscribed. You shouldn’t be afraid of placings when they advance and strengthen our position with an extra 9.8 million on top of the 17 million in bank we are going to make leaps and bounds in 2024! IMHO DYOR
Nope, the latest well test results show that the asset is likely potentially commercial. This requires commercial engagement with prospective partners. But you can read so you know that.
Nobody can state that an AIM company will not need to raise further funds. However the essence of your posts are not factual but based open your inability to see further than your need for PANR to be a success and you see 88e as a threat (it isnt). Not very grown up or worth reading.
SKIPPY
"The RNS clearly states what the 5m is for and it isnt just 'survey in Namibia'".
Todays fundraise is for post well work for Alsaska. Which are non commercial. of 2D Seismic program in
Namibia and primarily to keep the lights on and salaries.
Today actually new drilling they will need to issue about 5-10 Billion more shares. AVOID. By the end of this year they will do a massive substantial fundraise at a massive discount. Expect share price of 0.10 then 0.05. and or more consolidation. avoid.
The RNS clearly states what the 5m is for and it isnt just 'survey in Namibia'.
It does include funding for a farm out provider process and ongoing operational costs for 12 months.
Other funding will be requited to horizontal drilling. As many as 10B more shares could be issued. Todays raising of £5M is not for drilling new wells in Alaska. It is for survey in Namibia. Not even for drilling Namibia.
AT LEAST 3-4 MORE FUNDRAISES TO COME THAT WILL COMPLETELY WIPE YOU OUT. FOR GOD SAKE DO NOT THROW MORE MONEY AT THIS.
AVOID.