Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
A fool island his money are soon parted. No one says it’s not tradable, you just need to ensure you are in and out.
This company does one event a year. It will need a CR and consolidation is inevitable. Many LT holders want out - including me! I and many others plan to sell on the next announcement.
Imo heading to 0.29 until next result - then up again. Imo shortly after the next spike it will head to new lows - don’t get caught.
DYOR all my opinion
Thanks OW for that explanation
My understanding is it would be venting not flaring whilst nitrogen is present
Older wiser would explain it better. Nitrogen is inert gas and is mentioned used in the flow test. This will prevent flares (chemistry)
Redbeard Missing post:
88e are using Nitrogen lift. There will be no flare when nitrogen is present.
Expect tomorrow. Aus Easter Fri to Mon, they will want time for the news to percolate before the long break. Then issue 2nd result after break.
All my opinion
Hozontal has already been mentioned by 88e as next step. As OW states 88e will need a long term horizontal to test for sustained flow especially at this dmax. Note 5k or 10k run with tailored frac about US 40 mill estimate + trucking costs
Unlikely to get to production financing without it. They may cut some costs by sharing resource with PANR
Looks like DT potential for those brave enough.
0.29
DYOR
That’s for non commercial
50-60 % drop would be the norm dead cat bounce
DYOR
Musk my small current investment in PANR is £3000 - nothing. The decision to purchase PANR once funding s announced would have occurred in unison with a similar commitment to 88e. 88e though I wouldn’t touch with a barge pole until after the reconstruction and after the many CR’s they will need to be ready to make money.
However, the bod will have to go - I think that’s a given
DYIR all my opinion
In addition multiple CRs, silly announcements that prevent a rise like “consolidation discussion by bod 2024” all seek to undermine stock value.
This board has no money having spent $30 million US diversifying, that has no benefit to shareholders medium term. We were not asked and certainly we were unaware that 88e would spend money they didn’t have on the future whilst having no money for the present.
That is called screwing the existing shareholders. As a result our sp has taken a massive hit. We should be at around 3.00 by now not 0.345.
Some 15billion shares have been added and countless CRs - incompetence doesn’t come cheap.
DYoR all my opinion
Chrisev1. When 88e diversified it had no money to do so. As a consequence dilutions have occurred which bear no medium term fruit. Underperforming Longhorn purchased to pay exorbitant salaries, Namibia purchased through shares 3+ years before a drill, Leonis lease ?? And Hickory 6 zones scheduled to drill 5 actually drilled then only 2 zones for flow test.
Also I have only a watch shareholding in PANR until funding is announced, at which time I will progressively purchase several million shares. Why? Because I have spent 6 months following, researching company and staff. The debt is not a problem and will resolve . Some big money involved in PANR.
The important thing is that 88e would have been my 88e, but the company has turned on its investors imo.
Torino, I realise that reading is a problem for you, but given you have put it out there - could you post the full quote to which you refer. There is a big difference between losing money on one high risk share than over a fully diversified portfolio.
Be wary of the pump and dump brigade led by Musk15 who only started posting here again during this flow test. His motives are clear - ramp the hell out of it make profit and get out. That is not a problem unless he starts projecting he knows about investing. What he knows is Gambling.
I would be very wary of investing in this company with 25billion shares , consolidation mooted, expected Low funds after this flow test, underperforming longhorn assets, insufficient funds to continue development. A CR is certain and dilution will be severe. BE CAREFUL.
Musk: I am posting to prevent blatant ramping of this stock, so that newbies reading this chat do some research before buying. If they buy then I say welcome but your then LT unless you want to take a ST loss
DYOR.
Oh also I have not bought or sold this share since December 2023.
Dbh 12:18. If you are referring to me I have 1.6 million 88e shares. LT holder. This is well known. I have parked my shares.
25 billion shares on issue
Consolidation muted by md this year
Limited funds requiring CR soon
No funds for future development
Limited internal skills - majority outsourced
Diversified to Alaska 2.0 using shares ( Namibia) very early stage.
Longhorn underperforming despite additional millions on workovers eye.
Now has overdraft facilities for Longhorn
Partner having difficulty funding their share of costs
Tell me the good news and let’s ignore the reality shall we?
This board has come alive since February and the share is being pumped by a few posters. 88e has 25 billion soi the number of trades means little, it’s how these trades affect buy and sells that is important. 88e is removed from Aus All Ords indices on Monday, the flow test results should be positive, and 1 billion shares needs to change hands to get a serious lift as happened on the last P&D a few weeks ago.
88e has mooted a consolidation, Quarterly financials due soon and I suspect low funds and non performing Longhorn. Non of this is negative, it’s facts which can be checked and disputed if you wish.
Feel free to speculate - but keep it real
DYOR. My opinion