Member Info for HarveyMushman

Let’s keep it level headed though.

7 layers yes, but they are only testing 3 and have pretty much already written off the top few layers as unlikely to flow but would be nice if they did. In any case they are not flow testing them as they won’t have time.

Torok on the bottom 3 layers are primary ta eg eta and being flow tested. Still very exciting.

If the oil flows as were all hoping it does and we’re still massively suppressed like we are now, the SP is going to absolutely explode. Buying in will be incredibly difficult, It’s very tense but exciting times.

Very frustrating that the ASX is dragging it's heels.

It should have closed at least on 2.6c let alone the 2.7c comparable to AIM.

Let's hope AIM can give it a big shunt today and open the eyes of our Australian counterparts.

Yes sorry my mistake I took it from the thread title. It actually finished at 0.024 taken from Commsec

0.024*

Type this in Google search

convert 0.025 AUD to GBP

I'm sure that dream will be reality soon enough :) and many more multiples of too I hope, then you could be on a Stairway to Heaven :)

Only 4 days until the drilling rig starts moving, not sure we'll see 2.7/2.8 today but certainly by Friday I hope we do.

With mobilisation of the rig anticipated next Saturday we may get an update late next week to state the ice road has been complete. Very much hoping once that confirmation of the rig on its way Is out the SP can finally start to move up in anticipation.

I do find it comical when people say something like "buy now as it's unlikely we'll see this price again" from my experience 9 times out of 10 we do see that price again, and often lower.

I should add my morning is in Australia, so I enjoy reading all the posts from during the night :)

Brombarb is one of a handful of people I actively scan for when I open up LSE in the morning on my way to work to see what is being said. Brom your insight, level headedness and politeness is a breath of fresh air on here all the best and thanks for your input.

Jiddy 2.4c with a low of 2.3c

It is minimal dilution, but it has materially impacted the current SP based on such low volume. I'll be watching with anticipation over the next few weeks to see where we land. If I had more funds free I'd top up. At 2.6c for the first time in years I was in profit, I do believe it will surpass it pre SPUD. My opinion only.

Hardly. To assume 2.1c was the best amount they could achieve for this funding round given the potential upside to the clients of fund managers having those shares on their books is naive on 88E's part. Although it makes a nice quick profit, I don't believe fund managers will solely be investing their clients money to make a small margin on it, some will be looking at longer term profit than a 1-2 week claw back on the SP. Hence offering 2.1c or 2.3c would have, in my opinion, been just as successful fulfilling the placement amount required. It was undersold and that is poor management skills on 88Es part in providing the best value on behalf of existing shareholders.

The good thing is we have plenty of time for the dust to settle and the SP to recover. I have no doubt it will be well past where we are now before SPUD. Unless you have some spare cash to top up with, today is probably not a day to be watching the SP. So far it's dropped to 2.3c though which isn't too bad.

Bit of a shame Dave has run this placing so low. Given all the fluff 88E and PMO are pumping out about this being a potentially transformative drill I'm sure he could have offered these shares for at least 2.3c. That's some premium discount he has offered.

We finally broke the 2.5c deadlock on ASX. Wasn’t sure if we’d get there today but please someone gave it a leg up. Looking forward to seeing where we go from here.

It has little to do with long term pricing of course, but what are Peoples thoughts on tomorrow’s open on ASX? 1.4p is right in the middle of 2.6/2.7c...are we going up, staying where we are or down?

Personally from what I’ve seen I think it will open at 2.7 for a few mins then settle back to 2.6 for much of the day. Unless and announcement comes out beforehand :)

Sorry just saw Jiddy’s post all good