Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video 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.
Following the "transformational" news trumpeted by rampers
Taximan57 - Your desire to have CONSOLIDATION I would suggest that you have never experienced it. NO CONSOLIDATION.
K
I think that gives us 28.9B shares, not quite the 100B mentioned on here, fully funded for more than 12 months, next Namibia payment paid, and income from Longhorn. All we need now is a buddy with deep pockets, for Leonis and Phoenix.
Consolidation may be next but lets do it sooner rather than later. AGM decision.
Miner4... is it the full stops that are dramatic, or the extra circa 4 billion shares from the capital raise hitting the market at 8am that is dramatic.
The consolidation will be even more dramatic-er when it comes, Im quite sure.
And good point, Olderwiser...
Anyway, lets see what 8am brings.
This is useful to compare 88e
https://www.reddit.com/r/PantheonResourcesPANR/s/amvgPtaAUp
Worth noting
There are two issues today, one for the Namibian farm in partner Monitor, and the other the capital raise, all raised at .003c AU, in total 3,768,609385 shares added to the market today
https://clients3.weblink.com.au/pdf/88E/02798807.pdf
Number of +securities proposed to be issued
3,291,974,839
https://clients3.weblink.com.au/pdf/88E/02798809.pdf
Number of +securities proposed to be issued
476,634,546
7C.1 Proposed +issue date
1/5/2024
Are. The. Full. Stops. Added. To. Make you. Seem. More…Dramatic?
They don’t. They just highlight what a tool you are 🙄
Might someone give an indication as to when the 3.5 billion shares from the placing that wasn't supposed to happen as 88e were 'fully funded' are due to hit the share register, please?
Was it 1st May...? As in Wednesday 1st May.
Pretty sure that is what the rns stated.
Three. Point. Two. Nine... billion.
Yup.... Billion.
Consolidation, anyone?
Nice one Mad
Hi Taxi,
Yeah I'm at work so it was a bit of a rushed / unclear message. I'm a medical technician and it's a bit of a crazy one today.
ATB GLA DYOR
MadEnglish, yes I do recall that but thought they would end up with 8%. Still puts them 3rd largest shareholder.
Robert Bose, principal at Charlestown Capital Advisors in New York City is also president of Sintana Energy which might explain your comment.
Yes Taxi, Challenger got a hell of a deal with Chevron and now have Charlestown on board as a 10% shareholder, just put up 1.5 million. Charlestown are NY based and are the guys that put Sintana on the map.
ATB GLA DYOR
Chevron also bought into offshore lease belonging to Challenger Energy (CEG) in Uruguay so there are companies out there still prepared to invest in leases.
Saw today that GBP one of biggest risers, rise seems to be based on fact that Chevron have agreed a deal with Namibia's national oil company.
Important to note that Chevron have bought into an OFFSHORE block, we are inland .
https://finance.yahoo.com/news/1-namibias-namcor-signs-deal-073628319.html?guccounter=1
2D planned H1-2023.
11:12
Thanks for explanation.
10:19
Copy paste of my 88e screen data at close, my platform sums both trading floors ASX and Cboe
Open
$0.003
Prev. Close
$0.003
Volume
37.34M
PE Ratio
0
Market Cap (M)
75.37
52 Week Range
$0.003 - $0.009
VWAP
0.00336
Dividend
$0.00
Dividend %
0%
Intraday Range
$0.003 - $0.004
08:28
Longhorn
Latest company presentation
" Net 88E cash flows of ~US$3M expected in 2024, provide funds towards exploration and appraisal."
https://clients3.weblink.com.au/pdf/88E/02796243.pdf
page 22
There have been numerous trades at .4 on the ASX over the last week. It's just the spread in Australia folks. 0.3 / 0.4. Low volume and all that.
07:59
ASX states 25.4M shares traded today so is that 37M figure correct?
09:17
It has been stated often enough here that last trades can influence the closing price inordinantly.
Plus the current low SP means that any price movement of A$0.001 produces a big % change that if quoted here in isolation is meaningless.
I suspect that tomorrow the SP will revert to A$0.0003 and show a negative percentage of 25%.
OW has made the point that the daily VWAP is probably a better measure of trend although today that will be biased by the subject trade.
https://www.marketindex.com.au/asx/88e
We do not know ( unless involved) the parties involved in that trade so speculation is dangerous but there are documented instances of the closing price calculation being exploited by unscrupilous traders.
Older, it was not my intention to doubt you, it is just that you said a similar thing a week or two ago to me when I said it was up 25% (I think). You pointed out that is was only at the very end of the day trading. If it happens again it's a pattern.
Taxi
What I am pointing out, is the final last second trade is unusual, and in no way fairly represents the days activity.
Further I provide evidence that this trading pattern, has been used as a tool for manipulation by dishonest parties, in other situations, I have know way of establishing what has caused this unusual trade
Older, are you suggesting under hand tactics is the reason 88E jumped at the end of trading? Is that the only reason it can jump?
Fact check for Scot - 'because the company, its directors and shareholders no longer wish to commit scarce capital on Alaska because the focus is now elsewhere'. Would you like to show any proof of this statement?
Fact check for Scot - 'by adding circa 70m shares [US$27m divided by (PANR SP minus 10%)] which replaces debt with equity'. So you agree with me that dilution is on it's way?
The dilution suggested by Scot covers the immediate debt but where is the equity coming from for PANR to continue in business? More dilution is on it's way I believe.
Fact check BY Scot - 'Yes, 88E has income. However, and as described many times, the dividends from Longhorn do not yet cover G&A and lease fees never mind contribute a penny to exploration activities'. 88E received just under $1M from Longhorn and by end of year expect it to be much much more with the drilling of two new wells and existing wells improvement plan. 88E is fully funded for at least a year and with $5M drawdown facility in place for Longhorn.
As for takeover, would you buy a painting from an up and coming artist who has great potential and diversity, or from an artist who can only paint in one style and who's painting is also partly owned by another?
'2 x massive new commercial oil discoveries'. (I put it to you) that 88E BOD consider that they have 3 massive oil discoveries which they consider commercial else why look for a JV or partner?
Beverlybeaver
If you look at the close, its a weird one, all day no transactions at .004c, then a spike at the last second for an all day high at the close.
37m shares traded at a VWAP of .00336
Remember Alexdelarge (Gallagher)
Sec. & Exch. Comm'n v. Gallagher, 21-cv-8739 (PKC), 4-5 (S.D.N.Y. Sep. 26, 2023) (“B. Market Manipulation Allegations. The SEC also alleges that Gallagher engaged in multiple instances of manipulative trading in connection with at least two issuers, SPOM and BZWR. Specifically, it alleges that he “plac[ed] multiple buy orders at the end of the trading day to raise the stocks' price (‘marking the close') with the intent to mislead the public about the trajectory of the stocks' price and induce others to buy the stocks.” (Id. ¶ 9.) “Marking the close” refers to the practice of buying or selling stocks near the close of trading to influence the closing price of a stock.”)
https://casetext.com/case/sec-exch-commn-v-gallagher-10
What for updates from the horses mouth because all this fact checking is coming out the other end for different agendas 😝