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Not sure if these are vessels are still "at work". Looks to me like an easy 2 bagger or more from here, GL
always tricky to know if to average down or take double the money three weeks ago.
sure the project will go ahead and run. where does this leave people who were expecting 1 pound plus...….with the added bonus the antimony is not needed...….atm
WAaussie - how cynical.
Good luck with it Shaa and others, I feel you might have to wait until the COVID-19 is cleared to make any sense of it.
Rockets are better than holes.....
Pure energy value.
1 barrel of oil = 5600 cubic feet of gas.
cost or value of each is not proportional.
ANN is an Australian equivalent of an RNS.
The HRZ is a shale region below the targets aimed at that could and have in the past indicated oil content.
There could well be another Cash Raise in the autumn on the UK exchange and thus dilution.
The SP might drop even further. I would not be surprised to see sub 0.2 I would hold off buying in till sub 0.2 tbh.
It would look as if LOGP are a safer bet short term for increases with PVR going to head to 3p in the near future.
oil shows...…..several horizons......definitely say they hit the targets!!!!
Some think the first update was behind the drilling depth. Possibly harder going at the beginning than expected. When there is at full depth we will know. Cant be too long. But there is 30 days after for full results. Looks like very late april/may.
On the up
What can we do but sit and wait.
Was intended as sweeping statement. Not specific to 88e.
88e looking cheap whilst biggest drill on Australian exchange is going on. results april/may
Shaa, seriously, this Covid-19 is obviously just hitting 88e. How it will change on positive news is easily spotted where some shares do 150% to 200% a day. IMHO
Glad to see you back. Not much trade on ASX (5million) but 1.4c Doesn't look like 1 week updates as last was on 11th.
Just watched news report, US just started human testing a vaccine for the virus, not sur how long that will take to be fit for release. Possibly up to to a year.
you must remember there is more than 1 target. more than 1 optimal drill position.
your rolling a 6 sided dice. and saying what happens if it lands on a corner?
480m + 90million +HRZ = 20pps+
#SRY FOR TYPO
scarred should read scared!
just remember the drill is for 1.5 billion barrels! potentially. 480 million is net worth to 88e.
But there ARE other resources there for 88e to add to CHARLIE1!
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Normally I would suggest things will take off on the 28th for people buying in (and thus a move up or change in direction), however that date is a weekend!
There is also the fact that the end of Nov signalled a turning point in the US with an upswing and the fact that bushfires rage thus causing distraction and a hesitation (god forbid more get hurt but it will oddly have some effect! on SP)
The fact the Ice road is there will make some hesitant sit up and realise the reality of the situation the upside potential.
approx. 570million barrels of resource so far to 88e PLUS the HRZ (which if oil is north of $80 is very profitable).
When Charlie 1 drill starts it will hit home the reality.
480million barrels at say$3 to 88e!
I recon there is MUCH more than 20pps here!
4 or 5p is just the speculation level....570 million multiplied by $3 divided by the number of shares (plus the HRZ)
is the true worth.
Read this over the weekend and realise you want to be in now and holding. (really until the HRZ is hit with oil at $80!).
Best of luck to all.
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Hopefully you can see where the baseline calculations SHOULD put the SP and where scarred pessimistic and doubting prospecting and oil farm-outs has put the SP.
aHAPPY NEW YEAR.