RE: Reddit boys13 Mar 2021 09:19
GM everyone, and congrats to all who were in for yesterday's rollercoaster ride.
It will be extremely interesting to see the ASX reaction tomorrow night. 0.86p equates to 1.54c, so there is a big gap to fill from 1.1c. Is the AIM rise due to sentiment, FOMO, a potential TO or something else? If you factor in the DW resignation, then the situation becomes even more confusing. You have to ask yourselves why he would walk if Merlin was going to propel the Company forward. He cites "Personal Reasons", but that could be family/health issues or something Company related like some sort of gagging order if a TO is in the wind. I am also rather confused as to why our share of the costs of the drill have ballooned given the small delay.
Nevertheless, this is an exciting time for 88E, & NOT for the faint hearted. Make sure that you are happy with the inordinate amount of risk associated with this share, and only invest what you can afford to lose.
The ASX opens @ 11pm GMT tomorrow night, so I implore you to spend at least thirty minutes watching the OZ story unfold.
GLTA genuine holders!