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This is exactly what ive done. Bought in initially 75k at 0.60. Averaging down to 0.51 at 176k. Cut it in half to 88(e)k to make my investment back after the first big spike, since then i have put in lots of £400 buys regardless of the shares amount and have managed to make £1100 total on a £900 investment, each time leaving more and more shares behind to a total of 100k free carry shares. This was a very big gamble for me at the start after rushing through lots of research and picking up info about the company and the process of oil drilling and potential up and downsides along the way. Also a big learning curve was the buying and selling of the same one stock idea, never done that before either. I have definitely missed out on potential profit along the way by buying and selling at 'incorrect' points, but ive never lost money and am quite pleased with the end result so far. Im currently wondering when would be the right time to call it a day and sell the lot. I obviously don't want to miss out on a booming sp if all goes well with the next couple of rns releases. But i also would like to say 'i did it' and call this little chapter a resounding victory before something bad happens and my few grand victory becomes a £500 consolation prize. Its a tough one to call by all accounts because no one really knows until everyone knows and by then may be too late. All i can say is good luck to all involved especially the long time holders who deserve it most.
Doesnt look that way by the price of asx at the moment :D
22.52. My mistake. Thanks for clearing that one up. Either way its definitely a great indivation of things to come imo. Who accepts 360m payment above the going rate if they dont think its worth it? Not one person! This week is going to be a good one by the looks of it!
22.38. Correct me if im wrong but these arent additional shares being added for the sake of the drilling company... But the drilling company have purchased already available normal shares. Ie a part of tge totla 12bn shares in curculation?
22:29
Exactly my take from this! The company doing the drilling are looking at what is coming out of the ground at every stage. They know something but are sworn to secrecy. They are now being paid in part with 360m shares at the CURRENT sp value. Not a value less than current sp that will increase in value immediately on issue, but an sp price that has nowhere to go but up... Because of what they already know is very very promising drilling thus far. This is exciting news! Especially as everything is going to plan and is still ahead of schedule.
Im also agreein with this technical bounce idea. The price has dropped below 1p or around that mark. Where most new traders in this share declare the bottom, on top of that. Most of the us are getting a massive stimulus check today and many will want to make something into something more out of it if they are involved here. Just my (hopefully) 2p though ;)
Assuming you mean 0.5p i have been thinking the same. But for that to happen surely everyone thats bought in since late friday/monday would have to sell up and i doubt thats going to happen because of their high buy in above 1p. The sells from long time holders have already happened and the market seems to be left with holding people old and new waiting for a good rns to appear. The last thing you want to do is sell up in hopes of a drop that never comes just to watch the sp sky rocket after a great rns.
Hi all. I'd just like to thank everyone here for what you all have unknowingly done for me over the past few weeks. After looking for something new to dabble in as a very VERY amateur trader, me and a friend have done alot of research into 88e. Most of it not so enticing given previous history. We decided this most recent oppertunity could well be too good to pass up if all the stars align. Given panr's early indications im very optimistic in the current and upcoming drills. All of you here have been extremely knowledgeable regarding the company and its operations to date. The things ive picked up from here (including the pump n dump warning), and a couple of large gambles today and yesterday, have turned a £1000 risk into 88k at 0.00. So on behalf of my battered and bruised bank balance, and my growing portfolio, thankyou ?? all best on finding the black stuff. I hope you all get what you came for here, even if it is a few years late for some??.