Member Info for Ecuagold

Dave Wall sucked in a lot of the older generation with promises of riches. He knew the huge risks but sugar coated it so thickly a lot of people here were dollar blinded.

What is their to not understand? Drill is not funded. The sp is slipping to the next cash raise level.

Redbeard, spot on. Amazing how the board depresses the sp before a potentially game changer of a drill. Will need good money in the bank just in case the drill fails. The soon incoming capital raise will again be done at a very low level, around .0025p. Great work board.

Trading halt in Australia. With all the money earmarked for this farm in, lets hope the sp does not collapse.

We have been asking these questions for years!! Capital raise is on the way, that is for sure.

Phrontist, you talk a load of shat. How many shares in issue? What percentage of 650 million will go to 88e?

Nothing will happen for a couple of months. Sp will flatline until Xmas.

Agree Redbeard. 10p would give a market cap of well over 2 billion, which is ridiculous. With a herd driven spike 3-4p maybe. Drilling for 480 million barrels, not 640.

Don't forget, they always raise money just before the drill, in case of a dud. With so little money in the bank, another capital raise is to be expected.

trade desk, leave the ramping ****** until after news of a secured rig. you're way to early. not drilling until the new year.

Not many shareholders bought their alloted allocation. If this cash raise fails the sp will collapse and 88e could cease to exist? Maybe money for one drill, and if it fails, it's the end. Let's hope the oil gushes.

Not many bought the shares on offer, leaving a very large hole in finances.

With 88e all guesses have some merit!! Market cap of £72mill, so 1p will give a valuation of approx £200 mill. A very successful flow test could see this spike passed that. With the crazy hype of three years ago, I sold in blocks. I will do the same this time.

Cheap as chips, although these days chips cost more....

This Jam Tomorrow company has taken many years and cash raises to get to its best possible position of flow testing. The current sp is a good entry point, but don't expect a ten bagger. 2p would be nice

Rediron, these days he copy's and pastes relevant facts, but I would say his first twenty thousand posts went from subtle to blatant ramping. He was sold a dream by Wall and believed in it, not realising just how hard it is to get oil out of the ground, especially miles from the nearest pipeline. I'm sure he's a good fella, but maybe the AIM market is not for him.

Was a small raise. Expect another just before the drill, especially if the sp is climbing.

Jolly, if you have multiple businesses, you would not give a damn what anyone says on a board like this

Could see how this was going, so sold couple months ago @ 25p. Bought back in couple days ago @ 12p. Pretty pleased

Totally agree. Gilbert should have raised straight after the last drill. This will continue to slowly drift lower unit it hits 0.0025p. How sad.