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The pumpers have arrived let the cycle begin. The "Sophisticated" investors will sell into the rise. The noddy PIs will be left holding the bag just in time for the next dilutive fund raise or better still consolidation.
The fact that none of the 88e management team bought into the placing speaks volumes. If Ashley etc wont back 88e with his own cash on the eve of its "greatest" discovery at historic lows then honestly there is no hope for any existing 88e investor.
While over at PANR, billionaire investor, ex treasurer of the Conservative party Lord Spencer of Alresford, just increased his holding to over 7% percent. Why do you think someone so connected would do that ? Anything to do with imminent IER and funding news ?
I think a few more 88e "investors" need to apologies to OW and Scott.
Others need to evaluate whether investing in Aim is for them. Sharebell, Taxi and many others obviously cant read an RNS even when the key issues has been spelt out to them multiple times.
Most importantly they are so personally invested in this shower of sheeet that there brains can't even comprehend that the most important thing to invest in is not the asset but instead the quality of the management team. 7 years plus of dilution, drilling failure, and down right fraudulent business activities, articles, RNS releases etc should have made this obvious.
Just compare how the PANR team release their measured, conservative RNS, quality of the data, the fact that they have invested there own money and are fully aligned with PIs.
88e is now running on fumes, investors are just funding this management life style company. Get out what you can, while you can. No quality company is ever going to farm in with these shysters, down dip form PANR acreage. In the extremely unlikely event that they do the terms will be extremally detrimental to 88e.
Sharebel, lets assume you are correct. Lets also assume OW and Scott are not the industry veterans they claim to be and are indeed part of this insidious boiler room de-ramper team. Lets also give the 88e management team the benefit of the doubt and put down the ambiguously constructed RNS down to a some simply oversight.
Can you pls explain why the 88e management team have not issued a further RNS or scheduled a webinar or some other shareholder communication required to halt to the share price destruction ?
The number one priority of any CEO is to protect shareholder value. Any CEO worth their salt and with nothing to hide would have moved heaven and earth to explain the disconnect between the reported flow rates and stock barrels captured.
No one can argue that this disconnect has not decimated the share price. The silence from Ashely/88e is deafening. 7 years of consistent dilution has already sign posted to every rational investor, what the next course of action will be. It is up to each LTH to join the dots and do what is best to safeguard their investment pot.
Keeping your fingers crossed for a "Hail Mary" is rarely a wise investment strategy.
3 Types of people on this board:
1. Pumper/Rampers -(they will disappear shortly)
2. Canon Fodder - (that's you)
3. Scott and O/W (who should be commended)
88e is another Aim lifestyle company there to enrich the management team. Dave W and Ashely are shocking individuals without a shred of integrity or decency, you just need to see how the RNS's are appropriately ambiguous to hook the naive into buying more 88e shares.
No company is going to invest the millions to farm in to this hot mess. Nothing but dilution on the horizon for 88e.
Like many here, I am massively disappointed with the SP performance. However I am still a firm believer in PANR and feel pretty chuffed with myself, as I have taken the opportunity to move 168751 PANR shares out of my trading account and into an ISA (2 tax years worth). Thus crystallising a capital gains loss and maximising my tax free gains once the SP improves.
I wonder if the resent SP performance and tight trading range might also be connected. I would guess a number of investors will have been doing the same ISA manoeuvre at this low SP.
Just think I could join the ranks of the ISA millionaires if the SP ever reached £6.40. Unlikely I know, but one can dream.
Hi Iceberg, this is great advice all depends on your risk profile and timing. No one gets it right every time but i think you can increase your chances of success by buying when there is significant volatility. If I had bought yesterday on the lows and sold today I would have increased my holding. I mean to take advantage of such situations, if I can find a T20 provider.
I was a bit off peeved at the timing of the RNS to say the least but having slept on it and having read other posters comments. I have decided nothing has changed, the reasons I have invested remain the same.
I am thinking of use T20 trades to increase my holding. A lot of upside if I can get my timing right. I don't trust myself with CFDs . I won't use Interactive Investors, there service is absolutely abysmal.
Anyone got any recommendations for brokers that allow T20 trading ?
Paris/Rediron what a pair of complete and utter zeros you both are. You offer nothing to this forum. Not one word to challenge my 88e analysis. Instead you both resort to cheap shots and name calling. Why the effort to discredit me, what have I said this is not factually correct ?
If you are so convinced that your investment analysis is so right and mine so wrong challenge it. Tell me why my analysis is incorrect. Lets hear it, maybe you have seen something I haven't.
For the record Deepcut was my account name used to play Counterstrike as a 13 year old. Copied it off some other player, I thought it sounded cool. It became habit to keep using it as an easy to remember profile name on other public forums.
Paris, sincerely my advice is put more thought into your investment, do more research, look at the 88e management track record, spend less thought/time worrying about my profile name.
RedIrons - are these boards here to share information and experience, but only if invested and can bang the 88e drum?
I don't think so, this is an open forum. Not one thing I said is false or untrue. If it is POINT IT Out or shut your cake hole.
If anyone is sprouting bile its you because, lets face it for you to react in this aggressive fashion can only mean the penny dropped, your significantly underwater and now need a rampathon miracle to get your investment out intact.
Let me give you the 1 factor that is a 100% certainty.
Further significant dilution resulting from 88e requirement to finance the next drill or farmout. - FACT !!
Number of shares currently in issue - 18,265,762,962. - FACT !!
Quality of the management team given the number of fund raises, dilutions, p155 poor governance, and dusters ... I'll that to your own judgement .
If your going to sink more cash into the next 88e ramperthon cycle then do as the traders do and wait for the SP hammering post dilution .
If your trading the normal 88e pump and dump who care what 88e publish. Just follow the volume.
If however, your investing because you believe in the fundamentals, quality of the assets etc Then you got to take into account the quality of the Management Team.
Personally I don't think I could sleep well at night knowing that the team running 88e, the team I am trusting with my savings signed off on that RNS.
88e investors not the ramper/traders, (they know exactly what they are doing) are a very strange bunch. They are literally crossing there fingers year in year out muttering this will be my year whilst systematically getting fleeced by the cyclical pump and dump brigade and 88e management team.
Keep holding them golden tickets
Share Guru - "I can only see upwards from here"
What utter tosh !!
88e do not have the financing to complete another drill. What does 88e do when it has no money ????
18+ billion shares and counting in a few months, 20 + billion share - you know the rest.
88e investors, the gift that keeps giving . I recall the Longhorn comments along the lines of ......
"revenue generating asset"
"will fund admin costs"
"offset future drilling"
Where here you go another dilutive raise to cover admin costs and down payment on long lead items. Plus another round of dilution on its way to fund the actual drilling.
keep pumping those pennies in chaps. Gilbert and team need them wages topped up.
Number of shares in issue - 16,610,207,406 How many shares in issue after the next dilutive fund raise ? SP sub 0.45 would be my guess on day of the RNS.
PMO farm in, 88e managed to retain just 30% of that drill. What will 88e be able to hold onto this time?
Either way the future is more dilution. The only logical way to protect your capital assuming you want to continue investing in the charlatans running the 88e show, is to sell up now and buy in after the next dilutive fund raise which will happen regardless of farm in.
Until then the SP is only going one way.
What infrastructure are they going to use to get the "5 trillion cubic feet of proven gas reserves and a potential 100 trilion unconfirmed to market"
Who is going to pay the billions to lay the pipeline in the most savage conditions possible ?
88e investors come in 3 categories - spiked mug punter, completely deluded investor, trader/ramper - which one are you RS2002 ?
Not with the con artists currently running the 88 show. Ashley focus is lining his and his cronies pockets while mugging off the next bunch of mug punters on the rinse and repeat cycle.
Guaranteed RNS within a couple of days rehashing the PANR RNS. Just remember folks what Older Wiser said !!
07:03
Scott,
I'm not going to answer your questions as I can't be bothered
-----------------------------------------------------------------------
Translation - I can't anwser the questions, I don't have the experience or background to even comprehend the questions being asked.
Let me make it easy for you. If the market though the update was good why hasn't the SP increased ?
88e is a busted flush, 5 years + rinse and repeat will do that to you. 88e only strategy now is to ride on PANR coat tails. The dilutive fund raise is 100% on the cards.
Unfortunately too many over exposed, locked in PI, too thick or scared to objectively look at the 88e investment case. Think losses are big now, take a look when the fund raise RNS hits.
88e dilution every year for as long as I can remember. Longhorn does not generate enough revenue to pay Gilberts wages and fund the next drill FACT!!