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Can't help comparing the situation here to the situation at our neighbors.
Here: Arctic Fox rig secured and funded, farm out / in negotiations ongoing but worst case is that we need to do a CR in February / March to flow test if results are good
There - $1.5 mil loan at 10% so that drill can be secured (but no news yet confitming it had happened), No funding in place for this winter, negotiations still ongoing, no idea if a CR will be necessary.
Interesting times
" does anyone seriously argue the stock wouldn’t *open* well over 100p that morning? "
I'm out until somebody can tell me where the money for this season is coming from.
By your own reakoning PANR is going to be worth north of £5. If that means I get back in at £1 and *** only *** make 5X then so be it, but I'd rather be sitting on the sidelines with money ready to invest than all in and praying that the BOD know what they are doing.
And I'm sorry Scot, do you seriously expect anyone to believe that 10% is a good interest rate for a $1.5 million loan considering the company has a marcap north of £560 million?
Kylie. Your post is titled: "legal setbacks stalling ConocoPhillips plans in Alaska"
The article it is linked to is titled "legal setbacks not stalling ConocoPhillips plans in Alaska"
i see what you did there!
Redmoor If you don't want people pumping and dumping your share you probably shouldn't be invested here. There are over 22,000 Stocktwits followers and almost 10k Reddit followers who mostly got spiked above 3p and who will rabidly pump this at the mere whiff of good news.
More appropriate questions are 'Do you think 88e will make money this winter?
Do you think the other share will make money this winter?
The answer to both questions imho is yes so why are we in a p*ssing contest? Unfortunately the answer to that question is Scot!
"Heh, csw12...I wonder what alternative argument S***t is going to start to avoid the fact the the other share is effectively using an overdraft to fund themselves. "
I also wonder if I'll get an apology for his comment "csw12 - an angry fellow who recently stated the wise money sold out of PANR at 85p." - But I'm not holding my breath and won't see it anyway as he's back on filter!
"....and when did you last post on the PANR board, such that you have such an expert view?"
Are you implying that people need to regularly post on the a board in order to have an opinion? Does reading the board not count?
Interesting
I'm replying because I think you are a nasty piece of work Scot, and because you misquoted me. I'll go back to filtering you now that you've admitted your wrongdoing.
It really would be nice if you had the honesty to admit you are emotionally attached to PANR because you got spiked in texas, but of course you are too small minded to do that
Back on filter now
"why don't you have a go at answering it? PANR has a declared 1.9bbo contingent resource and is valued at c.£630m and 88E has zero contingent barrels of oil and is valued at c.£200m. What's going on there?"
- I answered you on the other board - I don't care what 88e's investment case is because it's a meme stock that will double in price before the end of March. Why don't you answer my question there?
Better yet, why not just admit the fact that you are hugely emotionally invested in PANR? It's obvious to everyone that you are, and that's not what 'people who have worked in the markets' do
So Scot, you claim to be a fundamentals invester, you claim to be invested here, and you claim that you don't know how this winter is going to be funded (surely the most fundamental issue for PANR?).
Those three statements can not all be true. Which one are you lying about?
Are you admitting to be invested here but lying about being a fundamentals investor?
Or are you admitting to being a fundamentals invester but lying about being invested here?
Scot I said I would ignore you but since you misquoted me I feel like I need to reply. I did not say I "didn't believe content on bulletin boards affected SPs", I said I didn't believe anything said HERE would affect 88e's share price. There is a big difference and I find it interesting that someone who claims to be all about facts would bend the truth so far in order to support his own agenda.
As for your other questions, I don't care! 88e is no longer a fundamentals stock. It's a meme stock. That's why I exited at around easter last year, and that's why I'm back in now. I've built a relatively large position over the last few weeks, and my strategy will be to sell them all at just under 3P. The only reason I browse this board is because Brombarb and a few others consistently drop useful information here.
I've come clean about why I'm here. Why don't you do the same? Nobody believes your line that you are here to compare fundamentals. - Why on earth would someone who claims to have a billion years experience in the markets try to compare fundamentals between two radically different shares? - We all know the real reason you are here - you are desperately trying to drum up support for PANR where you are in deep and emotionally attached (something someone who truly has experience in the markets would never get emotionally attached to a share, but your level of emotional attachment is clear to anyone reading your posting history)
PANR can't even tell the market how they are funding this winter - Why aren't you all over the PANR board asking that question?
"*******. O f f matey."
So you are OK with someone predicting a rise based on the next RNS, but not someone ponting out that it's just as likely the SP will drop due to the next RNS being a CR?
"Sell ur shares then" - I did, at 100%+ gain . So unlike you I'm not sitting here praying for good news. - I'm waiting to see what happens next and will invest (or not) accordingly
Is this board balanced or just Scot's echo chamber?
"It doesn’t make great reading buy hopefully this year is different."
It doesn't matter if this year is different or not as far as results are concerned. Theres 100% upside from here just by holding on and watching the stocktwits mob ramp it.
THAT's what's different this year