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Sharebel
Those advising caution from 0.5p have been shown to be completely correct in their assertion that the SP would rapidly tumble.
Conversely, even taking any of your posts on 88e at random from the last few weeks one can deduce quite easily that you have less than no idea what you are talking about.
Example:
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Sharebel
Posted in: 88E
Posts: 11,003
Price: 0.32
Strong Buy
News is so close!!
12 Apr 2024 07:43
Bought more yesterday a quick 10k top up and if it is manipulated back further will buy some more! Getting rather exciting here that tweet was a teaser and news could more than likely drop intraday! I hope so to knock the manipulative MM off guard! Bags to be had here and fantastic oversold entry price right now but for how much longer? IMHO DYOR GLA
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Bags to be had...? Did you mean bags to be held?
Its just nonsensical spam you are promoting.
The market has already made its mind up, anyway. And that decision is reflected in the sell off thats happened and continues to happen.
DYOR.
...and you can hear the sound of reality setting in here that 88e have once again destroyed shareholder value. All time lows and 3.5 billion new shares about to hit the register.
In total, 28.5 *billion* shares about to be in circulation. That must be an AIM record?
Must ask the question why management did not partake in the capital raise? Rarely a good indicator.
Genuinely am sorry for anyone who invested in 88 and lost money, especially for those who were taken in by the pumpers on these boards. Many tried to help guide novices over the past few weeks that the Hickory results would ultimately tank the SP and a capital raise would be forthcoming. Quite a few listened and got out, so well done to those few.
This is useful as a summary to help balance the issue at hand since many keep making comparisons betweeen 88e and PANR, understandably.
https://www.reddit.com/r/PantheonResourcesPANR/s/amvgPtaAUp
Hsg.
Is it speculation that 88e are down 61% on the year, 40% on the month, and 23% down in the last week on the 'successful' drills. And is it speculation that despite 3 rns to try and get the price up 88 did a 40% discount placing at company lows at 0.16p that no director participated in to sophs and insties that are being sold into the market as we speak, as evidenced by the enormous below mid point reported late prints daily...
No, its not specualtion. Unfortunately its reality.
The two are not the same.
As expected, huge after hours prints of sells below mid point in day (.165-.180)
Offsetting by sophs.
Will simply continue until they are done scraping some marginal profits. Shares will officially hit register and of course SP will tumble further on the dilution. Chain reaction coming.
Standard operating procedure when brokers help out the sophs and insties... Like clockwork.
Sharebel will have some other explanation all the way down to sub 0.100 Im sure.
And as if by magic... a 30,000,000 after hours print below mid. *sell*
As predicted.
Wow... new lows. Not just in the SP (which is where all of the level-headed commentators expected it to be after they saw through the multiple fluffed up rns statements) but also in the fact that people are still trying to paint the flow tests as successful when the entire market has sold it off due to the flow being abysmal. 4 barrels, and then they pulled the plug. 70% frac fluid return and 4 barrels of oil... These are undisputable facts. Its worse than bad. Which is a shame, but still remains a fact.
Then as expected just like clockwork a 40% discount placing for a few million quid now being heavily sold into the market and a few underwater PIs trying to convince themselves this is the opportunity of a lifetime.
The SP tells the story. It will almost certainly continue to drop. There is no chance imo at all that a new well is drilled in Alaska by 88e. Zero. What is very likely is a ready supply of hopium and more placings and a consolidation before year end. 88 will likely bait and switch to surveys on other projects. Alaska is a dud as far as Hickory (and the wider market) was concerned.
Anyway, keep smoking the hopium, if that is your thing. One thing everyone can agree on is that 88e will keep supplying it readily to Sharegerbils and the like.
Of course, more after hours prints for sells of 25m shares and more will show up today. Wait and see.
Good luck if you stay in but again, all were warned repeatedly but clearly most ignored the sage advice offered by many. Some sold and are no doubt very happy they did.
Sharegerbil...
There are a few billion shares for the 40% discount placees to sell into the market. Looks like your pal HandSpringGuy made the same mistake as you. He also thought the after hours prints were 'buys'. Dear oh dear... Do folk never learn?
Why did the directors not participate in this placing?
When is the next placing?
When will the shares consolidate?
These should be the questions on your mind.
Is that the same Stas we were advising there would be a placing on 88e and the sp would crater down to 0.2p and then lower. The same Stas who told everyone to keep buying 88e regardless! ...but then there was a 40% discount placing on 88e and the sp cratered down to 0.2p and then lower still.
Is it that Stas? MysticMeg's friend, Stas? Who now sticks around on PANR.
You could still buy some PANR, Stas, and make back some 88 losses.
Johnwick
You mean the multiple large sells that have been reported after hours? Those 'buys'?
Mmmm hmmm.
Looks like gerbils here still saying it will go up.
Chief gerbil, Sharebel (sharegerbil?), keeps buying (or pretending to).
All time lows SP after a 5m capital raise and more to come.
Theres the Markets answer to this 'oil discovery'... dilution and more dilution.
See you at 0.1p soon enough.
Sharebel, final free bit of advice to make some gains (rather than losing it on 88e)... buy a few PANR before the end of this week. Aphun LK report due, including commerciality assessment.
Up to you.
Or... you could stick to 88e placings and dribble down stock price here and lose out yet again.
Ssccss
So many warnings but none as blind as those who will not see, I guess.
Keep buying, Sharebel.
Next placing will be after Summer most likely. The Sp will dwindle down to the 0 1's. But it doesnt matter to 88e as they can keep placing all the way down to the 0.000001s as long as there are Sharebels out there to participate.
Sharebel: 99% down... "Its MM manipulation! Buy!!!"
Also Sharebel: 99% down over all and 3% up on the day... "whooohoooo its going to the MOON!!"
Also Sharebel: 99.999% down... "MM manipulation!! Buy!!!"
Classic AIM gerbil.
Anyway. Think the point here is well proven.
See you again at 0.1p
From Placing RNS:
"Following completion of the proposed Placing, the Company will have sufficient cash to fund its ongoing working capital requirements and GENERAL AND ADMINISTRATIVE OVERHEADS for at least 12 months"
In essence this raise is to pay bod salaries for the next year and keep the lights on. Notice how the amount was at the upper limit of shareholder voting requirements... Another few placings will come also. This is a 99.999% certainty.
You couldnt even make this stuff up.
And after G&A raise, then more raises for all of the going-nowhere projects...
Yawn.
Its over.
PANR are about to release Aphun resource upgrade. Would make sense to pick up some shares there to make back 88e losses...
Lol! Sharebel, 88 just took your money right out of your hand. You practically opened your wallet and just let them have your cash the last few weeks. The bod are simply laughing at folk such as yourself. Fodder for placings.
Investing isnt for you my friend. My advice - stick to slot machines.
Bid now 0.15p
As predicted. Right on cue.
RIP 88e.
Sharebel, I have some 2p coins I am selling for 50p each. Would you like some? And if so how many? Thanks.
Well there you have it.
I predicted 0.15p this week and a 30-50% discount via a placing.
Thank you Scot & Older for your steadfast truth on 88e.
Stas, Brom, Sharebel and the rest of the turnips who ramped this dumpster fire of a stock - have you read the rns?
Everyone was repeatedly warned. Over and over.
Here is the worst part - 88e almost certainly will try to raise much more IF this raise is successful. A big IF, if you ask me. £5m is for G&A at best. There will be consolidation and then more raises throughout 2024.
£5m will keep the lights on and prevent insolvency after Hickory is paid by end of Summer. But then what...?
The SP here will rapidly go below 0.10p by end of May.
Its basically over.
No oil. Shareholders bled dry on the back of three rns released to keep the SP up into the placing... forward sold.
Brutal. But 100% expected.
Probably best for anyone thats lost out here to buy some PANR stock before they rerate on funding and Aphun reports.
Well, there we have it.
So then.... how much will they try for? $15-25m??
So then... at what price? 30-50% discount to closing?? Cant see any higher, personally.
As stated numerous times, this was always coming. But no one listened.
Dilution dilution dilution
Consolidation consolidation consolidation.
40-50 BILLION shares soon?
'Fully funded'. Mmmm hmmmm. Lol.
**BUY PANR BEFORE THEIR NEXT APHUN UPDATE COMES OUT TO MAKE BACK YOUR 88e LOSSES???**
Older,
Remember MysticMeg and his predictions? The same predictions that Stas and Brom and the rest cheered on with zeal? Here it is, just for prosperity -
"MysticMacOffcl
Pennyland
Today 13:31 6th April
I'm gonna laugh so hard when this goes above a penny (or 2) this month. Especially knowing Older and Scott spent years trying to tell us otherwise..."
I said to be careful as clearly the rns was as plain as day stating 4 barrels per day, and that in fact by end of April the SP would be 0.2 or lower, and by end of May 0.1p or lower.
Well... 0.185p today. Way ahead of schedule. Speaks for itself.
Next stop 0.15p likely this week.
Everyone was warned by Older and Scot and others *repeatedly*, but as usual no one listened.
Not any surprise this is now sub 0.2p
As predicted this now in 0.1x bid range
Soon it will be headed to 0.10 and then the 0.09p range and below. And that is even *before* the almighty capital raise that likely is needed after they are out of money by mid summer. Costs for Hickory will zero the cash balance, and still wont be enough to cover the remaining 25% Hickory costs.
Where will the money to avoid insolvency come from...? Yes, a capital raise. This is how 88 operate, as can be seen from their operational history.
Everyone was forewarned multiple times.
Poor geology meets promotional whitewashing rns. Geology wins every time.
Would anyone here like to buy some 10p coins for 50p each? I have lots and thought Id ask 88e investors first as shareholders here seem to have a keen eye for great deals.
Or you might want to wait until next week as I might be selling 5p coins for 50p by then, so a much better deal of course.
In other news the SP is exactly where I predicted but a few weeks ago.
QED.
When a company has to put out three rns and one of them being a follow up rns to try and explain-O-pump away the previous one and even that doesn't move the needle you know its game over.
It was already clearly game over on the first reading. Its still game over now in my opinion. Nothing has changed. 4 barrels of oil is still 4 barrels of oil, even if its a calculated flow. If the test was good at early cut they would simply have carried on but even late into the cut there was really nothing except a few slugs, a very low % cut of oil. That much is clear. Never seen any flow test reported in such a way. The market saw right through it. Price is all time lows. Ask yoursepf why... exactly.
What would be very vexing is if yet more people who just wish to make some gains decide to invest in this company based on the ramblings of a few posters who appear intent on misleading with their stance that the flow rates here have been anything less than disastrous and disappointing, at best.
The inevitable placing (not Farm out) will be the icing on the cake and even then the promotes here will be saying its a good thing there are 50... 60... 70 billion shares in circulation.
Wait until May, June, July... Money is needed and it is overwhelmingly likely to come from equity dilution. Anyone thinking this will be farmed into really doesnt understand the industry.
My opinion. Discuss and offer a counter argument.