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250-500M that should have been, I must've got a bit excited with that B there lads my apologies!
I'm just returning the favours by giving a few riddles back my brother, and also stating the obvious!
Pantheon rose too high for it's own good. They have a a Billy in oil and nobody wants it because they clearly can't string a deal together, and they are way overvalued.
I have a riddle for you guys - If Pantheon are currently trading at 35-40p with 1.2B BOI and 1B OS, and 88E have 250-500B BOI, 25B OS, two more sites in Texas and Africa at 0.003, who is more likely to get bought out?
Even better, who is more likely to rise in the short term?
π’
Drop until 2026, then I'll scoop it up for peanuts. You're welcome CT
Agreed on some points Seahawk. We have a lot of OS that's for sure, and we 100% won't reach your levels of SP without an r/s. However, if we have between 250M-500M BOI (which is very likely over all 5 levels) that values us between 4-8p per share, and that's selling it for the lowest of lows being $5 per barrel.
So even if we managed to get 2-3p out of all that, we all eat! Pantheon have had a lovely rise to 1.40 so the party is over for you lot, until you develop it yourself!
Therefor, I'll do as stated below and profit nicely off both companies π
You know exactly what I'm talking about.
You ended discussions with whoever was interested. Now it'll tank until you finally extract the oil yourselves (if you ever get to that stage).
I'll sell my 88 shares for a lovely profit, then pick up shares here late 2025 for a penny or two with all that lovely profit. Goes to show how what goes around comes around eh Grumpy π π
someone woke up with egg on their face. spending all your time ****ging off another share then it backfired on you and co.
funny how it works eh? 88 only have to rise 1p and pantheon can fall over 25p plus. especially knowing they lost a potential jv and will have to now dilute shares π
Much agreed! I'm laughing at Pantheon too, those clowns that come over here are now nowhere to be found because their own stock is falling like a stone π
Hilarious how we get loads of these sore losers coming to 88's board all day everyday, then as soon as Pantheon come out with negative news they are nowhere to be found.
Imagine such low OS, loads of oil and even their own shareholders won't give them a couple of hundred mills to help π
This stock will rocket downwards back to .10 before you know it. No confidence even from their own management team. Should have bought into 88. Well, now is your chance as we will announce a positive flow test result by Sunday earliest!
I didn't see your question was sleeping, and to be honest I would have ignored it if I had seen it too...
Stupid question, the picture is all over the latest RNS.
EC - that's only correct for institutional buyers filing an 8-K form, retail buyers don't get some magical privilege just because they bought/sold a large amount of shares.
Very intelligent work by the big pockets here, exactly the same as the first flow-test results week. Drop the SP the day before the last trading day of the week, then start racking up buys.
If you look at level 2, there was not enough sales to drop it from .35 to .30 in a matter of 15 minutes from open. That is clearly a planned attack. Now look at the buys there after, all large, a sea of blue.
I'm hoping people have spilled the beans at Pantheon after their call, of people were smart enough to clock on that something large is happening.
If the SP didn't recover (as it is now) I'd be worried, but going off level 2, this looks like a dip and rip by MM's and Co!
They won't move the market anyway, nothing to lose sleep over imo.
Taximan of course Pantheon won't "tie up" a deal with 88E, they can't afford to purchase our lease π
Both parties will likely wait for a joint/seperate BO from CP, or they will sell the lease separately.
Alright Taximan, I'll wait for the update on their website, cheers π
Taximan could you give us more context please? When you say he I assume you mean the BoD. Now, is He referring to 88 specifically? Or is he talking about another potential JV?
Completely pointless, as he didn't mention 88 Energy with regards to a JV. So I have no idea why you're still banging on about it tbh..
I don't understand why either of you are even mentioning it here, if nothing was said regarding the 88 stock. Pointless conversation!
Then why are you talking about a JV rejection? If it has nothing to do with us
What are you talking about Grumpy? Was 88 mentioned in the phone call?