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This keeps dropping and dropping any views on wether this will recover. Various boards think this will fly . The price drops are telling me otherwise.
Has anyone a truthful reason this is dropping and is there real hope for this business?
6. You will not see any negative announcements or contrary evidence to their findings, even if they wanted to, because there simply isn't any.
7. The oil production company eyeing off this exploration company will also want to down play these results so they can buyout this company and this would happen now. As a result everytime you see a dip, or lul, they will buy a percentage so they dont have to buy out the stock at higher prices after the announcement.
Therefore I am happy to conclude this hypothetical is LIKELY and played out exactly how it should by those in the know.
Make up your own mind on which hypothetical we are living in right now.
I feel sorry for those who have sold already, and those who wont rebuy before thursday arvo.
I will be buying more each and every time the price dips so I do feel somewhat sick about even posting this but I couldn't go on in good conscience without pointing out the obvious.
Of course IMHO and DYOR I couldnt have made it easier for you to fact check.
Hi All,
For those who don't know me. I am an expert at reading markets and reading behavior on the stock market. I have been reading these forums since I was told about the stock at 0.02c and eventually bought in at 0.025c.
There is a lot people saying WOW! in this forum but in reality this is to be expected.
Lets look at some facts and some hypothetical conclusions with our (88E CEO hats on) and see for yourself.
Facts:
1. Overnight EEENF reached 0.059 AUD (Even if all you wanted to do was exchange US to AUD this current price was expected).
This is happening regularly and this pattern is not influenced by the ASX.
The ASX has just been catching up for some time now and has been like clockwork.
EEENF is truely driving this momentum.
IMO no one on this forum has the trading volume to influence EEENF from what I have seen so far so don't be concerned about up and down ramping influence here. Its negligible based on the volumes we see.
2. This stock is getting a lot of attention world wide.
Just google 88E news, EEENF news or any variations and you'll see people are interested.
Not just in small financial columns or blogs. This is happening in mainstream financial journals and articles by respected journalists.
If they thought this was a scam they would not put their name to it. You will also notice they took 24-48hrs to release their findings because they are trusted by the public to research the findings, and report on them. Otherwise they would cease to exist.
3. All the news so far is either positive or optimistic.
No mainstream news contradicts this, so obviously we expect an influx of buyers regardless, hence price should rise now and until Thursday arvo.
The only ones contradicting this are people who have sold, down ramp or who have been burnt in the past.
No one has come out and said "these are the results..... this is bad".
4. A sizable investment of shares was taken by the drillers of this operation, not as payment for services rendered, but purchased.
Read the wording carefully you'll see there is a big difference.
This is not a "We have no money to pay you take shares" ... or a "would you like shares instead"... scenario.
This is a "here is your money as usual, whats that? you want to buy shares. Ok sure but we unfortunately have to announce this as per ASX trading regulations" scenario.
You can guarantee their friends, family and others are buying outside of these declarations.
This has not gone unnoticed by investors
5. Others in the industry have stated it shouldn't take this long to confirm results like these. Google it. there is a massive WHY? floating around in regards to the timing and the Easter break dates set. Ill get to this fact later.
6. Look at the results of the testing done so far. Analysis has been done. Google what the analysis shows.
almost $100 million Aussie dollars changed hands today with 1.5billion shares. Bodes well for the uk price today. This will reach for 4p I’m sure today.
Part 1 Ok guys I put this pic of my self 4 y'all 2 know that I know what I'm talking about I've worked as a driller for H&P, Nabors, Patterson. With the press they just gave out. I can tell you they have found oil already with them saying theres florescent colors on mud thats oil. Part 2 I've done wireless and core logging they will take about 3 to 4 days to pull about 50 to 70 samples and of course do a BOP fit test again especially because they found gas and that takes 12 hours with no cutting corners. Trust me I've done this for like 12 years Part 3 They have found oil all they have to do is do it right and legit. With that being said if you look at the time frame I put of core logging and BOP test. I put it to be new by Sunday of next week or maybe sooner. Even if they put 7 to 10 days on there press.
https://twitter.com/pinkslippanther/status/1376304244001697799?s=21
38.2% up on Australian market. London will take the baton and run with this today. Buckle up everyone. This could eclipse recent yearly pre -drill result prices.
This is great news for me. The contractor who is performing the drill would not be getting paid in shares if there was no reason. The company must perform these in different areas all over. Why would they take part payment in 88energy shares?
This message seems to be the basis of most tweets. Institutional investment now on board.....https://twitter.com/_robertmichael_/status/1370967748650602500?s=21
I have just typed $EEENF in Twitter and hit search and latest. I’ve never seen such interest in this share ever ? Scrolls and scrolls of American interest. It’s scary to think how this share price will rocket this coming week. The whole world are now wanting in on this share and the social media posts are there to prove it. . I have always checked Twitter in the past and there has been very little coverage. A huge week for 88e. I have never even seen this “$EEENF“ term before ?
I think I remember 3p being mentioned. Although was a couple of years ago....
Hi Lefkosia,
I got in at 4 here and have tried to average down as best as I can and when available. I’m kind of all in hoping to recover considerable Sirius losses. I’m not good at this and I suppose it’s my last throwing the rice before I leave this game to the guys who perceived to know best. It seems to me that it’s more like a complicated bookmakers this game. Yet that’s probably my own stupidity sadly. Here’s hoping and thanks for your work on this board.
The gentleman is poorly and struggles typing.
Typical top up by me and the price goes down. Might have known.....giving up now.
I’m astonished how rude people have become to each other on here. Surely those invested are all yearning for the same thing. There’s no room for keyboard warriors or bullies in my view. Here’s hoping for an extremely positive farm out...
Record-high temperatures expected in Alaska's 'unusual' heat wave
Thanks Sprintman , I sincerely hope you’re right!
This is my first post. I was one of the investors who bought in over 4p . I have managed to average down . It’s been expensive but I still haven’t reached my break even yet. During this time I have been educated and listened with interest over this period. I still believe in the company and understand that we are further ahead as a business than we ever were in those days of 4p . I can honestly say should this hit 4p again I think I will be staying around for further rewards. Good luck to all! Huge thanks to Brom and a big thanks to Jiddy who in times of doubt has kept up the positivity with facts and background of my investment. Hope to raise a glass one day!