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Sushi - rather than making a statement like this, justify for valid debate so other investors can comment.....!???
Never ceases to amaze me how after great results we get the same old moaners on here saying the share is worthless and not worth the paper it's written on. Fact remains, they've achieved A LOT in the past 6 months and much more to come. You've got to dig into the detail on this one. If price goes sub 1p it will be a dream, 0.5 pence or 0.48 to be precise when I first got into this one I shall bag the remaining shares I need then wait. If it takes 12 months so be it. Too many day traders on here panicking because they haven't filled their quota or worse, borrowed money to then buy some!
For the rest of us we shall sit tight and quietly buy on the dips and then wait....
Good research on Nasdaq Mac :)
I think this one is going to fly. Hold quite a few shares here but have been slightly nervous since de-listing in April! As they say, take the emotion out of it and stick to the facts. Let's hope September is a big one for this share!
Doge - good thought provoking post. Something I've been thinking for quite some time. I started investing 20yrs ago then for various reasons "life" mainly, stopped as busy elsewhere. Then what with lockdown etc started to look closely at the markets again and wish I'd stayed invested - 20yrs on would have certainly made some good investment gains.
Today though I am also frustrated with the markets. GOOD companies seem to just dwindle away in value, some hit by pandemic one can understand. Others where results are storming end up with the shares just slipping back...the investors expected more is the usual response. Really? When company XYZ makes £billion or so but it comes in maybe 2-3% lower than expected but profit stays good, debt down the price crashes. Markets panic because there's too much "theory" online and in my view the investing market wants to buy something today and take 200% profit tomorrow. It's all now now now or day trading rather than investing. Most of us on here know there is a huge difference.
As an 88 board to keep this all relevant, I was thrilled to read and digest the news on Merlin 1. Looked great to me, two days later we are back to square one on the price approx 2p but still hugely up on where it was last year. That's something we need to remember. Have a look at this wider analysis which might also help:https://www.nextoilrush.com/88es-merlin-1-well-confirms-oil-appraisal-well-planned-early-2022/
Don't forget there is the Umiat field as well, a potential gas find plus they are sat on AUD14mln in cash. The direction on this company is changing and even if it takes another year / 18 months to come good it is worth holding onto as many shares and buy on the dips if you can. Keep smiling :)
I've found some further updates via this site for anyone interested: https://www.share-talk.com/audioboom-group-plc-boom-l-possible-offer-update-extension-to-pusu-deadline-all-active-asset-capital-aaa-l/#gs.8ilhih
For me like everyone else, with shares suspended we can do nothing else other than hold. Overall though I think this could be a lucrative investment. GLA.
Hi All, found this earlier. Umiat could be the key if we don’t come up with news we all hope for on Merlin: https://www.petroleumnews.com/pntruncate/924732042.shtml
Ok folks, surely after “news imminent” we have to finally hear what Merlin findings are next week. Regardless of opinions it will go one way or the other. I base my investing on the research I can do across multiple platforms etc and have deduced “potentially” this could fly! Long term I think it will anyway, short term difficult to say.
If it was my company I would be flying out the news rather than delaying, if they are or are they? Very difficult to call but Merlin aside, Umiat prospects are very interesting indeed! Let’s just wait and see….
As long as not released tomorrow given that it’s Friday 13th!!!
Good set of results, market just didn't like IFRS loss but - also their update massively complex compared to other companies. Worries too about something hidden in there possibly? Used to hold these shares and will keep an eye on them for now, maybe will buy in again but on face of it very good performance.
Hi, good point. It all comes down to the small print, maybe we will get some good news end of this week. Fingers crossed!
So, Merlin update due "end July/early August" .... we are now 10 August and still awaiting news. My own assessment of this share has always been speculation, it could either rocket or crash. Personally I think we are in with a good chance of potential good news, the information looks positive from recent 88 updates. BUT, would be nice to have some news either way this week. If price crashes, it will be market overreaction for sure and if so I can scoop back a lot of the shares I sold on recent peak. Either way long term I think this one is a winner!
Usual pump and dump. I’d rather hold and just buy more on dips as right now you could miscalculate this one with news on Merlin 1, then lose our big time.
For once I think this could really fly and am grabbing as many shares as I can! GLA.
Quiet day on here, but all being well two weeks from now lates hopefully…with some good news this should start moving in same direction as PANR!! Upwards! :)))
As with all things, we await to see what the US does later, hopefully this will start to fly!
Broker rating for PANR upped from 115p to 170p (speculative according to media) but still good resource upgrade! Am wondering now whether 88 sp gets a boost from this. Been waiting for a further drop to top up holding but maybe the only way is up from now! Time will tell, good luck all and let's hope FINALLY we have good news in early August! I've got a few bills to pay after this pandemic :(
Far as I can tell, our holding per share will be 80p from relisting. They are coming off the AIM and propose to go onto another "international" exchange - details tbc later this month as far as I can tell from their latest news. All in all though, this should be a nice earner for us all.
I agree, nice dividend too. Share price should be higher than it is in my view. Always try to buy more when I can on the dips
Been a good week on this one. Usually I hold onto shares too long but decided to sell majority holding minutes before close on Friday for some profit. Hope I was right! I think 88 are a winner and plan to buy back in on the dips but what a volatile ride this has been! Thoughts on opening tomorrow?
I made a huge mistake buying this share but fortunately haven’t burnt myself too badly. Overall though, this remains highly speculative but one cannot argue that their cash position is better, loss is down and much of the mud slinging maybe possibly could be behind them.
Quantum computing is and shall be the next big thing. Assuming they don’t go bust, if you can hold something like this for the next 10yrs and forget all about it do so. There are way to many newbie traders rather than investors so we shall sit quietly and wait and see….
Good luck all.
They promised regular updates, we've had two in a week! Better than before, RNS is good although thin on the details but positive nevertheless. No point fretting about poor AIM, let's see where the price goes once US opens as always the driver here.