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0628
Much better thanx Brom - bushfires seem to be contained. Some lives & houses lost. Sad thing is authorities think some fires were arson.
The risk is everything is super dry. Gold Coast, Queensland had previous record of minimum rain in November at 24mm ( about 1 inch ). So far this November no rain whatsoever & none likely for November. It can be a dry old place. I remember seeing TV show a few years back where outback town had first downpour in 4 or 5 years. Kids were amazed by seeing rain for first time & were dancing in it.
Change of subject - Onwards & upwards for 88e .
Prose
I know Hilcorp were operator - maybe I could have worded my message better ?
JJ
Yes Brom 0449 ,
I'm glad we've got DW. He usually does weekly updates on drills even tho some are not ASX compulsory.
I remember watching OEL about a year ago when they were drilling Lightning with Hilcorp as operator.
They got following RNS's -
4/12/18 - Start drill
25/1/19 - Update
4/2/19 - FD & discovery
11/3/19 - Production info.
Almost 2 months until first update ( mind you Final Depth was 3 miles ! ). We would be going bananas ! ( including me ) lol. So we are lucky to have DW I think.
I don't know if the long intervals between RNS' were Hilcorp or OEL's department ?
If you look at OEL's website , for roughly the same time period, there is a bombardment of Winx RNS' ( in triplicate- OEL/RMP/88E ! LOL )
Can't have too much info !
https://hotcopper.com.au/threads/asx-today.2829592/page-12342?post_id=41596504#.XdnKgOgzbIU
When ?
ASX Volume 32 mill.
VWAP 1.4941c .
Presently 32mill on buy at 1.4c & 1.8 mill on sell at 1.5c
Mostly 1.5c trades, 800k at 1.55c, 2 mill at. 1.45c. Then the only 1.4c trades are the closing trades - 1.37 mill.
ASX version of MMs at work ?
Also from OW -
https://hotcopper.com.au/threads/88e-cenkos-note-pdf-download-link.5064424/page-3?post_id=41341258#.Xcdio1czbIU
https://hotcopper.com.au/threads/cenkos-note-on-88e.5057317/page-50?post_id=41333386#.Xcdf_FczbIU
That's right Proselenes
Either that or the .5p doomers have sold at .7p or .6p expecting 88e to retrace to .5p so they could get back in.
It's now .88p, they panic, try to talk it down to .5p to get back in. But the horse has bolted. They are trying to hold back the tide like King Canute LOL. Onwards & upwards.
Brom 0905
Yes Brom . Tail-end Charlie was last trade/s at 1.4c for 1.4 mill. Bit disappointing - no other 1.4c trades today. Most trades 1.5c, some 1.45 & 1.55.
Vwap 1.5011. 15mill buy 2 minutes into trading & other big buys thru day.
GLATH
Hi Brom re 0835
Yes, on ASX/CHI-X a buy does equal a sell.I might have read your email wrongly, but in your example of a 20M trade, that is a 20M transaction or parcel of shares changing hands i.e someone bought 20m shares from a seller who sold 20m shares,
only 20M goes into the totals for ASX/CHI-X that you publish daily ( not 40M.) A parcel of 20M changed hands.
This is why for a while now I've thought that the people after a quick profit of around 10-20% from the CR have mostly gone.
I can only think that the SP stagnation is people being cautious with 88E & that there is still a few months left until spud.
I think as the snippets are announced re the spud & the jigsaw starts fitting together the stagnation will disappear. ( I hope so anyway !! )
Rgds JJ
Another biggie on ASX. 87 mill approx.
Yes there was a buy order at 1.9c but that was just some overlapping before the opening auction. Somebody definitely wanted to buy at 1.4c. 56 mill thru now
Almost 50 mill thru on opening at 1.4c
Thanx Brom
That was the screenshot I was trying to send
Sorry, can't get screenshot to work !
LM 0353
It works differently on ASX. At the moment the highest buyer is 1.2 c ( then there are bidders underneath at 1.1, 1.0 etc ). At the moment lowest seller is 1.3c ( then there are sellers underneath at 1.4,1.5 etc )
Whilst the buy & sell are 1.2 & 1.3 the only trades that are successful are 1.2 ( stepping down ) or 1.3 ( stepping up ) or a centre-point trade which in this case would be 1.25 c. ( ASX only goes to 2 decimal places.)
Your own average can run to any nbr of decimal places. eg the other day I bought shares in a stock "at market" . Comsec bought some at 17c & some at 18c. They were odd number parcels so I ended up with average of 17.3749 !?
Here is screenshot of 88e -
https://www2.commsec.com.au/quotes/?stockCode=88E#/
Thar she blows. 100mill smashed. 1.3c sell line was temporarily wiped too, but its back - only 3 mill. Over to Aim soon.
Could go over 100 mill on ASX today. 91mill at the mo ( 66 + 25 ). 1 hour to go.
77 million shares gone thru today already ( 56 mill ASX + 21 mill Chi-X )