Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Certainly is living up to the long game idea......5 years and counting for me and I know a lot of you have been in for many years longer.
I guess it's kind of a prediction reading it back, but I certainly 100% most definitely would not want anyone to buy based of what I say. I have been in 88E for about 4 years now and it has disappointed at every turn. Part of me says sell out if I reach my newly lowered average part of me says I've been in it this long keep holding. But I now reluctantly have a sizeable amount invested to get that lower average (my choice) and I am conscious of past results and the pain that comes with it. For the sake of all holders and my bank balance I am seriously hoping this time we get something saleable.
Certainly not a prediction from me, more my hopes of what it will achieve and what I personally think is a realistic number should we find what we are looking for....not £1 that's serious pumping.
£1! that would be £8.8bn mcap and value us at double the value of Origin Energy in Australia. Can't see that ever happening! even 10p at this stage would be colossal. I could see us getting to 5p on very very positive results which I would be more than happy with.
Best time to get more funding so makes sense. Lets see what we can do with this next drill.
Plus we got a thumbs up https://cdn.finfeed.com/images/88E_oVgDs5a.width-800.png
I feel like this Is the one. It stacks up against local
drills - Willow for example, its location hasn’t been chosen out of convenience simply because it was drilled before and something may have been missed. It feels like we are learning from the previous failures and they have helped us a lot to prepare for this next drill. I’m very excited for this one.
Thanks guys and gals, absolutely right not meaning to make out I’m the only one suffering, just venting a little in good company.
Always holding*
I’ve been in 88E since 2016 (no one forced me to buy in of course) nowhere near as long as a lot of you I know. Over that time I’ve seen my holding value dwindle significantly, with a couple of lost opportunities to sell and get what I put in bsck, always hiding because of the continual nudge of things looking good on the next drill by management only to be told they drilled in the wrong place and thought they would get better results nearby, which is now getting old as an excuse. Really hoping they have something positive to lift this up 75% so I can sell out and move on. Pretty depressing all round as I see it languishing where it is now with little in the way of updates or plans for the future.
LSE is actually marginally behind 0.003p is 0.0056c equivalent and ASX closed and opened this morning at 0.006c
That should have read:
PMO were perfect in my mind. They Quickly funded a drill meaning we weren’t sitting around for years waiting to have a crack at it. Cost us very little from cash in the bank perspective, but obviously more so on our SP. Not sure we’ll be recovering to pre-Charlie price any time soon but we have lots to look forward too in terms of future prospects. The amount of shares on issue is a worry. I can see that changing before anything else.
PMO were perfect for in my mind. They Quickly funded a drill meaning we weren’t sitting around for years to have a crack at it. Cost us wry little from cash in the bank perspective, but obviously more so on our SP. not sure we’ll be recovering to pre Charlie price any time soon but we have lots to look forward too in terms of future prospects. The amount of shares on issue is a worry. I can see that changing before anything else.
From memory, I can't recall DW ever promising a Tier 1 Partner but instead the announcements mentioned a High Tier partner which is what was also mentioned when the extensions were requested, which at the time of the deal going through PMO were. I seem to recall also on the chat boards a lot of people under their own steam interpreting that to be Tier 1.
They were only valued at twice our MCAP recently due to the hit they and almost every other business has taken due to COVID, we didn't get hit too hard as we had very little left but also had the idea of a transformational drill keeping us at a reasonable SP, if not stagnated with the very promising outlook should it be successful. Although PMO touted this as transformational for them they were not solely relying on it to keep them in a good position, many fingers in many pies meant they took a big hit on their SP.
Just my opinion.
Everyone saying this deal looks off as it just gives DW millions more shares for nothing, surely it’s a good thing he wants a lot more, otherwise what is DW planning on doing with his zillions of shares if either company doesn’t produce a positive result.
Is RMP SP is currently around 30% more than 88E and in terms of potential it is infinately smaller. I understand MCAP comes in to it as well but still as a visual it's somewhat perplexing.
does anyone have gas condensate comparisons for valuation based on quality / quantity of the find? What would we be looking at for this to be a good thing for 88E?
01:55 but really after all the attempts made over the years do you honestly expect anything positive to happen. I feel my personal sentiment will be the majority of potential / holders and that is one of disappointment, caution and pessimism
back in the draw for another year or two, no point selling on this disappointing news I was averaged at 2.3c pretty much a disaster, am gutted. Knew the risks and based on past performance felt this was likely but held out hope with all the analysis done.
They are a discovery company at the end of the day but Premiuer were invested in this discovery also so not all the fault of 88E, maybe not very good at it but they have to keep looking. Pretty much time to switch off watching now for the next year.
A sad start to the morning here in Sydney.
I met my girlfriend whilst she was working at the Zoo.....there she was in her uniform, straight away I knew she was a keeper.