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"Offer" should say "over" , "reinvested" should say " reinvest" .
Predictive text ....

9.55
SeisNav
I agree with your comments. Considering the rise of JLP's share price offer the last twelve months investors will be banking profits before the end of the tax year to avoid capital gains tax. A good number of those are likely to reinvested next week.

Mine too. Yippee! GLA

Thanks Conrad I retired some time ago. I'm in much the same position as you. Almost at break even but not quite. I averaged down but had to increase my Holdings considerably to do it. Now more exposed that I would like to be but hopefully will be able to top slice soon. Good luck to you and enjoy your retirement.

Hi Brombarb
Thanks for pointing out the error in my maths. The figure should have been 1p per share and not 0.85p. that makes the discount to Fridays closing price less than 10%.

Ref my statement regarding the 225% premium I did say that the statement was perfectly correct. It is the perception I was concerned with. If you read the following post from guzzler you can see that he obviously has read it as ELKO paying a 225% premium, as have others.

*****
guzzler1962

Today 07:33

Posts: 5,586

Price: 1.10

Must admit I've no idea what's going on here now.
Share price goes nuts which seems to be fueled by pink sheet buyers which came as a surprise to nearly everyone. (one exception who gave an imaginary mate a heads up in Canada)
Then a speeding ticket where Wall states he knows no reason for the rise even though he had just done a deal with Erik at a 225% premium to the share price.
Extra shares issued, results not in yet, Wall says "good fortune all" and the market laps it up.
Only on AIM.
****
That clearly illustrates the point I was making. I.e. unless you actually read the announcement carefully it could be construed that ELKO were paying a very high premium for the their shares leading one to assume that they know something we don't and it's going to be big news.

Conrad
I agree with what you have said. That's really why I said that I believe it to be very positive. The timing of their purchase certainly suggests they like what they have seen so far.

Hope our observations are correct. I've been in this share for years now and would like to see a decent return before I pop my clogs. L.O.L

Good luck to all of us!

Hi Moneyhawk
I did notice that statement. However that statement along with

"88 Energy has entered into a share subscription agreement (the "Subscription") with ELKO International LLC ("ELKO"), one of the major contractors for the current drilling operations. Under the agreement ELKO has subscribed 360,000,000 new Ordinary Shares at $0.018 (the "Subscription Shares"), raising gross proceeds of $6.48 million at a 225% premium to the placement undertaken on 12th February 2021. There are no fees associated with the Subscription."

Makes me wonder if they are being rather naughty and trying to make things look much better than they are.

To expand on what I mean it's the 225% premium makes it look like ELKO are paying way over the odds for their 3,600,000 shares when in actual fact they are getting a decent discount of more than 20%

The premium of 225% is based on the share price on the 12th of February 2021 and although a truthful statement is totally irrelevant. The only price that is relevant is Fridays closing price which was 1.1p (ELKO are paying .85p according to my calculation)

Having said that I still think that ELKO's investment is an extremely positive sign.

MMs are taking the **as. 0.60p spread is just nonsense.

My guess 20.75p

L.O.L.

Good morning MrBigShotSwinger
Thanks for sharing your previous forecasts. You have been pretty much on the money so far. I would be very interested to hear where you think this is going now in the short to medium term.

Keep up the good work and thanks again.

Or you could say it was the aim of aim ??

MMs must have been gathering lots of cheap shares recently. There was 5m more buys than sells today!

Onward and upward. GLA

The two main people who ran VAL were kicked out after a shareholder revolt, last year. The company has been a lot better since.

Many thanks for your reasurance.

Like you, JLP is my biggest holding. Although I rarely post on here, I have been invested since the Braemore days. I can only remember being above water once in that time, when the SP reached the Dizzie heights of 7p on the award of the the Tjate licence. However I am glad I didn't give up and continued to increase my Holdings.

This past year has been extremely rewarding and made it all worthwhile.
GLA.

I'm in the same boat as you guys. Gutted I can't top up at these prices.

Red
I hope you are right, I'm running out of time! Lol :)

JLP have almost 8 times the number of shares that SLP have.

Thanks MM.
Let's hope not to many people agree with him. He does seem to have a lot of influence as the"Sheriff of aim"

MM
Wasn't TW recommending Galileo and JLP recently? What's changed his mind?