Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
Not sure someone would want to buy the whole company. Not sure 88E would want to sell everything.
It is more likely they would sell "select cuts" of licenced areas. Cuts down the due diligence and allows 88E to get a better price on as yet unproven areas. I think a full buyout is unlikely.
JackoJungle says "It's not a 'recent dip' really, the stock was pumped up nearly twice its value. All based on speculation that some super results were about to be announced ."
I don't want to be picky but you are wrong, It isn't speculation the company have said there should be results within 2 weeks.
This company leases large areas for land and then tries to find oil on it. When it does it sells it on for a huge profit. It doesn't try to extract it. Usually it gets an actual flow test, but the land is currently in short supply - no new leases. They have found some level of oil and will or wont have reports saying so and roughly how much in the next week or so.
This may be enough for them to sell on those rights to an interested party without a flow test.
If they do the SP will be substantially greater than today. Watch this space.
This train will additionally be calling at 4p and might not stop long at some stations.
I can hear something, it's the silent thunder of the FOMO train..... calling at 2p, 2.5p and 3p.... all aboard....
Drilling in the same location... I hope not it was chosen by the FO and is widely accepted to not be the best location.
Commenters seem to be missing the point I was making. Which was a year ago a busy trading day was 30 Million Shares.
This week we did 1.2Bln. The game has changed with the availability to the US Market. This Share is far more likely to fluctuate while we hold their interest.
Condensate.... hmmmm miles from the plant to process it. SP still went to 0.25p... looks like a duster to me...
I havent said this is a duster ..... I said the duster a year ago.... which was....
UKOG - ? Didn't mention them?
Was looking at Trades from the last Duster a year ago....
88E Tuesday in the UK turned over 1.2 Billion trades. The day after duster. A year ago our volumes on a good day were 30 Million Buys / Sells.....
We are in completely different territory. Now any news can make a huge difference to SP. There are 50 times the number of people trading or at least Volumes are that much higher. Any good or bad news could move this trade 100%. maybe not down ;-)
Archie.
I just wonder whether this whole area is being tested 50 million years too early..... ??
by monkeys ??
Close on $0.088 for luck.....
Let's all bite our knuckles in silence and have some Dignity.... After all could be the 0.025p party again in the next 24 hours or so. Why did I de-risk again?
Dave.... If you're writing the DNS can you make sure you check the date this time...... :-)
should have checked my message too...
Dave.... If your writing the DNS can you make sure you check the date this time...... :-)
last chance to top up.... before 8p or 0.25p..... GLA !
I'm 10% up today aft sell at 3.65 and buy at 3.15 lost a bit on other account....
but evened out.... ooooh!
So If they announce Friday-Sunday the US Market is Open on Monday so we will be stuck in our positions. There would be enough trading to completely settle things one way or another. Guess it doesn't make that much difference. Someone experienced is saying they will announce Wednesday. We just don't know a lot to think about.
@Trelawny - or of course a takeover.... its quite usual for a MD to stand down after a takeover.... which would be huge for SP strike or no strike.
or even google it....
hotcopper.com.au/threads/dave-wall-resignation.5899515/