Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
07:03
Scott,
I'm not going to answer your questions as I can't be bothered
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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!!
Anyone else looking forward to see 2p again coming here soon
Is this before or after the next dilutive fund raise ? If your going to buy into the next rinse/repeat cycle at least have the common sense to buy after the fund raise.
Rfarha - I never claimed to be an expert. All i pointed out was for investors to look at the 5 year chart, the 16 billion shares in issue, the ridiculous market cap, the scandalous COS, the year in year out rinse and repeat. The fact DW off loaded his shares on the eve of the biggest drill in 88e history.
If i managed to make just 1 PI re-evaluate before pumping more hard earned savings into this meme stock I would have considered my posts a success.
You should take a long hard look at yourself. I honestly don't know how you sleep at night. Scott126 was spot on, he was an expert in his field, but you did your best to belittle his posts.
How many PI lost there saving because they took confidence from your ramping posts, what make you an expert ? what gives you the confidence to ramp 88e at the expense of others ?
Everyone can see where you are on the scale. Only so many times you can do the rinse and repeat shuffle before people get wise. Bits you really take the biscuit, your challenging me after the SP has tanked over 60% for umpteenth time. At least Brombard has the smarts to wait for the dust to settle.
Brombard is manipulating people on this board. I have 100% no doubt he has been trading the highs and lows. Been doing it for years. This is why he has gone missing. He will resurface after he comes up with some new carrot to dangle in front of you and stat the ramping process again from the lows.
Rinse and repeat. Do not fall for this scam AGAIN get off your backsides and look at the 88e 5 year chart - It will tell you where this scam share is heading.
Easy, If you check my posting history you would know I sold the last of my 88e shares after the DW RNS.
I was thinking why would DW sell shares on the eve of the biggest drill in the company history. Now you have your answer. I'm lucky i saved myself a small fortune. I got out, others didn't.
It makes me sick to my stomach that people on here were ridiculing Scot126 when he was way more right than wrong because they were ramping the share, not giving 2 figs about the unsophisticated PI losing there families hard earned savings.
I want people to hate 88e I want people to recognise the scam for what it is because I have no doubt this will fall another 20 - 30% in the coming weeks.
DO NOT BUT 88E. THE SHARE IS DESIGNED TO TRANSFER YOUR WEALTH TO THE SHYSTERS
"88 Energy remains in a strong financial position, post the Merlin-2 well, with zero debt and a healthy cash balance that will be further strengthened with projected cash flows from the recently acquired portfolio of Texas production assets, Project Longhorn."
"We are well placed to continue reviewing and progressing opportunities within the Alaskan portfolio and particularly encouraged by the results to the north of Project Icewine and look forward to providing updates in relation to this project over the coming months."
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88e Investors are proper thick. Name one year in the last 5 where 88e didn't dilute the share price ? How do you think 88 got to the stage of 16 BILLION SHARES in issue ?
The 88e board are smart, diluted investors holding to buy Texas. It will take 8 years to recoup the cost of investment not that investors will see any value. Instead all Texas proceeds are redirected to pay the inflated salaries and bonuses for year on year success in fleecing PI's .
88e is the very definition of a lifestyle investment for the boards benefit. Private investors not so much.
- Only lose when you sell
- Icewine
- Texas
- Schlumberger
-Average down for next drill
- Next year Rodney.....
1. Do yourselves a massive favour look at the 5 year chart , look at the track record its in black and white
2. Look at Scott126 posts compare them objectively, he covered the Texas purchase, the COS scam, Market Cap scam etc
3. Repeat 3 times Scott126 was correct, Brom, Moda, Metalbasher, rfarha scam artists and shysters posing as investors
Brom down the pub, celebratory drink having off loaded before the results. He will wait until this hits 0.5p and buy back in, then kick off the ramping process. Rinse and repeat, year in year out.
Rinse and repeat. You could smell the stink a mile off. DW off loading was the sign post. I feel very sorry for the novice investors sucked in again.
A lot of load mouths on this board owe Scott a big fat apology. He tried his utmost to warn. Not that they will admit it.
For the holders put 88e in the draw, this is going sub 1p and get out once the ramping start next year. Although you must ask how many times 88e can pull this same trick before the investors get wise. Answers on a post card !!!
Are you really saying the PANR management is responsible for bad weather and a 3rd party contractor making a mistake with cement ?
Instead focus on the big strategic decisions. The way they identified drilling targets, funding etc I like the comms they issue also. The style is way more muted than 88, they consistently undersell over deliver.
PANR really is the real deal. Very impressed with PANR's management they are a real class act. No crazy dilluton fully funded and have have the motherload clearly identified, access to market identified and in progress of being appraised. What's not to like ?
I sold out the last of my 88e shares. DW has consistently been reducing his shares . I find it impossible to come up with a positive reason why DW 88e's biggest cheer leader is reducing his position on the eve of a "transformational" drill. This is someone who has the inside knowledge and access to the internal analysis of all the drills, samples and surveys to date.
Even if there was a legitimate reason why DW needed access to hard cash, surely you would wait a week or 2 for the results or sell on a rise. Especially if I was armed with all that inside info ?
Something does not smell right to me. Just my personal opinion, really hope it works out for those invested.
Hardly big money is it ? No doubt there are plenty PI that have multiples of this invested. Why hasn't Rahul got his skin in the game ?
Personally, I have had add enough of this Zombie share. Selling out my 240k shares and putting it to work for me on PANR. This share is nothing but a disappointment. I may come back once the hedges have expired.
Good luck those remaining, genuinely hope it works out. I just cannot any longer stomach the 2% rise and 8% fall with the POO gyrations.
With the hedges in place Tullow is just a zombie share paying of its debts. If oil @ $130 cant influence the SP nothing will until something material changes. One last thing, Rahul is not here look after shareholders interests, who was put in place to make sure Tullow pays backs its debts period.
SP only going one way. Just love it when shorters burn and rush for the exit.
https://www.moodys.com/research/Moodys-assigns-B3-to-the-proposed-Senior-Secured-Notes-and--PR_445144
I am heavily invested in PANR. I have no doubt they will find a significant Oil discovery. I just wonder whether the market will attribute an appropriate value given the investment and risk undertaken to date
After the drilling season is done what will sustain the share price until Dec 2021? where i assume a new drilling campaign will be initiated. I'll make a guess....
- Further appraisal/results news
- farm out
- sale
- news of another drill campaign
- Anything else ?
I think at best we will see 55p post drill, price will taper of to 45p. Been stung many times by the sell on news brigade. Of course if this is a duster all best are off.