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***** BREAKING NEWS (Part 2) *****
After numerous posts which castigate various posters for "playing the man not the ball" Scot "plays the man". Tut, tut,, schoolboy error. I'm also fairly confident that Brom has Scot126 filtered, so why he wastes time baiting him is quite beyond me.
FWIW, I agree with Brom that the faith of our US friends (or credulous OTC mugs, as Scot126 would call them) is welcome at this time. Perhaps they are more educated than he gives them credit for and recognise that we are very likely entering a commodities super-cycle and it's better to be long than short in said commodities and companies that explore for them.
GLA
SA (investor/trader in more than one Alaskan oil company ;)
22:12
I fully agree, Redirons. IMHO anyone shorting (almost any) commodity, in general, (especially oil and gold) and, in particular, shorting a more highly leveraged exposure in companies exploring, mining or producing those commodities had better keep their position sizes comfortably within their comfort zone to avoid any sleepless nights.
Was comfortable with my 88e holding but will now consider a top up depending on SP response to the latest news flow.
GLA
SA
13:57 Gideons,
The placing was:
a) 30% discount to the closing price on 9th Feb
b) 10.3% discount to the volume weighted average price for the thirty days ending 9th Feb
c) resulted in a dilution of just over 6%
You choose to describe it as (a). Others may wish to note that (b) and (c) are also true.
Good Luck with (y)our north slope investments.
SA
To my way of thinking, if the permit approval is share price affecting, it should be communicated privately by BLM and publicly by 88e. Surely?
GLA
SA
I'd like to be able to put that much in my ISA...
SA
Good one, Brom.
Maybe "Accroche-toi à ton rêve" would be appropriate here too...
ATB
SA
15:56
Hi notrac, your one-liner prompted me to create the following table to compare the opening SP on the first trading day of the year, with that year's subsequent high:
2015 0.616 vs 1.232
2016 0.437 vs 4.325
2017 2.659 vs 4.225
2018 1.529 vs 3.231
2019 1.0 vs 1.45
2020 1.325 vs 1.48
2021 0.465 vs 4.7
Of course the years' highs are seen more clearly in the rear view mirror than they ever are at the time ... but if anyone captured just half of the available upside they'll have done very well. As you've observed, the peak is generally around the timing of the RNS with drilling results but can also be coincident with a sharp increase in volume. Normal caveats, I'm not an IFA, past performance, etc, etc and DYOR.
Finally, and a little belatedly, Happy New Year to everyone invested on the north slope. Here's to another good year.
SA
Ecuagold (16:42),
I have made more than one purchase of 88E shares in each of the last five years. I have made more than one sale of 88E shares in each of the last 3 years. I currently own more 88E shares than at any time previously, mostly on a free carry. Does that make me a trader, an investor or merely a silly old fool?
GLA,
SA
11:05 Reaper, agreed, rest assured that the suggestion was bestowing nothing but respect on Brombarb for his considerable contribution. BTW, in such a competition, and to provide a transparent window through BB anonymised names, I'm afraid I'd have to be King, rather than Sir. But at least I'd be well qualified to pull the triple-edged sword from the permafrost!
GLA,
SA (aka KA)
Reaper007 et al, on a trivial point surely a better round table knight nickname for our prolific Brombarb would surely be Sir Postalot :)
SA
RTX (08:13) & Ecuagold (07:00)
Neither of you added DYOR to your respective posts ... but I thought I'd check out the basis for your considered postings.
2020
17/9 - 0.385
1/12 - 0.405
31/12 - 0.46
2019
17/7 - 0.675
1/12 - 1.00
31/12 - 1.325
In summary, no recent evidence of a drop from mid-September into December, quite the reverse in fact. Of course, past performance is no guarantee for the future, etc, etc and, for balance, new management may manage newsflow of drilling plans for this winter differently from the previous MD. But that's just as likely to create a favourable movement as an adverse one - IMHO.
DYOR (and feel free to share).
GLALTHs
SA
rodrod1 (18:45 yesterday),
"You've lit the blue touch paper. I expect a raft of 1p posters returning tomorrow......ROFL"
I see no such postings...but I can catch the whiff of burning blue touch paper in my nostrils ;)
GLA
SA
17:55 Ddraig
17:28 Brom
Speaking personally, I wouldn’t take the low volume of posts as being significant; I’ve been reading avidly in recent days/weeks but just not pressed “reply” to make a contribution. I try to steer clear of commentary day-to-day/hour-to-hour price movements as I prefer to take the longer view and observe the mega trend.
Talking to the title of this thread, I’ve posted previously that this year feels fundamentally different and, fingers crossed, that’s the way it seems to be panning out. I like the cadence and tone of the news flow and the recent appointments in particular seems to point to good news to come from the final report on the last drilling results. Neighbouring prospects can’t be ignored either so lots of boxes being ticked from my perspective. The absence of trolls and “drift down to 1p” postings being the most telling ticked box. All IMHO.
GLA
SA
14:31 Brombarb
Agreed, that was one of the key strands to my hypothesis that this year is different. OTC in general and Reddit (et al) in particular changes the paradigm; as does drilling newsflow from our acreage and our neighbours. This time last year the derampers would have been talking of "a drift down to 0.25p" but not this year. Whole new ball game.
On balance, I'm happy to hear a queue forming to underpin / buy back in at 1p. Don't leave it too late guys.
GL
SA
Plus £50m is a material step up in revenues in a single year. I can't imagine that the increased revenue would drive increased costs in anything like the existing proportion and can only, therefore, conclude that there should be a very healthy flow through to the bottom line. My instinct (opinion) is that today's leg up could be just a small step on a much more significant re-rate over the coming weeks/months.
GLA
SA
I think Jiddy's comment shows how far we have come in a year. This time last year, re-entries could be had at a quarter of that value but we now have positive news (or the prospect of positive news) on much of our acreage, a relatively new, vibrant OTC market stateside and the broader shareholder base that brings with it and positve news also from neighbouring acreage - I mentioned the P word a few weeks ago and I think I got away with it ;)
The price now sits at a level that I was happy to take the first of three de-risking, top slices at earlier in the year, so times have definitely changed. I suspect many see 1p as a key support level but the bigger question is whether it will drift that low under current circumstances?
GLA
SA
20:12 yesterday
moda, thanks for sharing that link. I couldn't describe my preferred scenario much better than the that poster does. IMO, it would deliver the optimum shareholder value, albeit over a longer time-frame, than a one off sale. This reflects well that we have assets at different stages of being proven and that the different geographical locations (and geological conditions) of each distinct asset is likely to appeal to different buyers.
Thanks again for sharing,
GLA
SA
09:37 tonynorstom1,
Although not addressed to me, I'd make the comment that this could be a horse race (or a duck race!) that has more than one winner. To take the analogy a little further, 88E and PANR may now be playing for first and second places in the Premiership with both having more potential than (merely) winning the Championship.
Quack,
SA
08:51 Ford707,
I can't profess any greater depth of mining knowledge than many others but, like you, I do see 88E (still) as a great investment. It will be interesting to see (more interesting to hear) what Pantheon say today. Clearly they can't say anything more than they have already officially announced but, as my dear old Mum used to say, it's not what you say, it's the way that you say it. It's very difficult to put tone of voice into the written word (witness the various interpretations here after any 88E RNS) but, if I can get hold of a link or recording of the PANR briefing, I'll be watching it more than once for any subtle (or not so subtle) signs that the market has over-reacted; not, in my case, as a PANR shareholder but because of the implications for my 88E investment.
Finally, although we might all like to think that we've spotted the hidden value potential in any investment on the day / week / month before a permanent upward inflection point in the SP graph, it will often be a much longer play. DYOR but I think my patience will be (further) rewarded in the months to come. Today's PANR briefing could just be a small positive contributory leg up.
ATB
SA
12:33 Keefy01, thanks, will take a look.
About a quarter of my portfolio is in cash at the moment (not all 88E profits, BTW) so I'm playing with the "time in the market" vs "timing the market" risk right now. That said, the cash is not burning a hole and the future sectors I'm research as much to help inform my daughters' portoflios as my own. I will almost certainly diversify further but I'm more than happy to hold old economy stocks and assests (don't get much older than gold!) alongside new/future economy plays as I'm sure there will be plenty of overlap, however fast things change.
ATB and thanks again,
SA