Member Info for Joekool1

I will not say much; last week, I mentioned 20th April would be the day when the price rockets. I am still confident of that.
I can't say much more than to get in today before tomorrow. The SP will hit 450p before the end of the year.

Let's have a toast tomorrow!!!

Jump in now before the 20th. Major news is on the way.

Don't ask me what news it is.

Good questions @ Patiencepoor

However, my guess (only a guess) is that the board doesn't want to over-promise until there is a firm acceptable offer on the table.
That said, the price could hit £0.6 to £0.10 if there's a formal RNS about the proposed asset buy. Let's hope for the best as I have been hanging for way too long to get to my breakeven price.

https://uk.finance.yahoo.com/news/88-energy-share-price-keep-120642319.html

Just be careful

Operator knows there's BLACK GOLD buried under the rocks, why would you want $5.8m when you can take a share of the big find. It shows their confidence this time round. They're forgoing $5.8m immediate cash and risking it for opportunity gain in a couple of weeks time.
It's a massive risk but they are confident. If they can risk $5.8m, then my £5k is peanuts but I can treble it!!! Come Onnnnnnn

Question is why is the drilling contractor not asked to be paid in CASH and choose to be paid in shares rather.
I guess they know and can sense what’s buried down under, BLACK GOLD!!!. What’re you waiting for?

88 Energy
ASX:88E, AIM:88E

88E’s drilling operator has just chosen to get paid in 88E shares - instead of cash.

In what is a major endorsement of 88E’s project, the company’s major drilling / operations contractor preferred to be paid its $6.48M fee in 88E shares rather than cash.

88E struck a deal to pay the operator $6.48M in 88E shares at $0.018/share.

That is a 225% premium to the placement 88E undertook a few weeks ago.

This relieves a large cash burden for 88E, and allow’s 88E to cover the recent cost overruns announced on 11th March.

We like it when service providers get paid in shares, as it means they are more aligned with company shareholders like us.

The local Alaskan oil contractor is obviously impressed with how 88E goes about things, and is prepared to back them. Obviously we don’t know how many shares might be sold by the contractor this week, however we would hope they will be keeping a few in the back pocket to get some leverage to what could be a massive oil discovery...

You could see that all the SELLs have been low volumes. Their strategy is to influence the stock price down, then buy at large volumes on the cheap and sell at at night margin before COB. Buggers!!!

Guys - Read the article. Worse case scenario could even be a lottery! I wish it could drop more so I can top up. Expecting a 4p by Monday COB.

https://www.reddit.com/r/EEENF/comments/m5sc6i/i_did_some_maths_maybe_this_will_help_someone/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

Your Capital Gains Tax (CGT) Annual Exemption for tax year 2019/2020 is £12,000. With gains of £10,000 it means you will not be paying any CGT as your are below the exemption threshold., however, you may need to declare the transactions in your tax returns. You may be able to get a copy of your tax certificate for your trading during the tax year depending on whcih platform you use in buying and selling your stocks. I hope this helps.

The preferred bidder has given a $0.5m consideration. May not be much but it shows intent and confidence they have in 88e. I am sure the preferred bidder wants a fair share of the cake, which is what everyone will do in exchange for a risk.

I've waited for this good news for more than a year, man, I can wait for another 3 weeks.
I believe in DW, he's invested his life in the company and holds great volume of shares as well. Why would he let us down.

The preferred bidder has given a $0.5m consideration. May not be much but it shows intent and confidence they have in 88e. I am sure the preferred bidder wants a fair share of the cake, which is what everyone will do in exchange for a risk.

I've waited for this good news for more than a year, man, I can wait for another 3 weeks.
I believe in DW, he's invested his life in the company and holds great volume of shares as well. Why would he let us down.