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You need to understand the reasons for the suspension and delays to settlement on trades. This was and is being heavily shorted it seems. The trigger presumably for the suspension was uncovered naked shorts that couldn’t be settled and were highlighted. This is why this will go lower beyond the placing price and that is why its not a good buy today. You would need it in the 6-7 range to really muster people to buy in any volume and that is said with no ill will. IMHO GLA
OIL BBLS - 29404
GAS MCF - 65595
WATER BBLS - 8782
http://pipeline.wyo.gov/AllOpcoProd.cfm?oops=ID48157&RequestTimeOut=65000&nOpco=1769
So slightly up on Feb figs - all this still belongs to COPL until sale and legal transfer completed which according to docs will take a few months yet so more production revenue to come. IMHO
And yet you can buy as much stock as you want - live quotes in 9’s all the way up to still 90k and price quoted going down. Not for me today! Too much swill and dilution for very little in return now. IMHO DYOR GLA
It really is not. Not today. I am literally telling you facts. Whatever, big yawn Alan. I can get a live quote in the 9’s to buy up to 89k’s worth and THAT fact tells you all you need to know! It goes to NT at 90k - you are welcome! IMHO DYOR
All of those huge trades yesterday showing at close one for over 127 million shares- last bits of the placing stock and people still think it wasn’t foward sold! Where did they get all that amount of stock from then considering they aren’t supposed to hit the market until next week! Naivety here is breathtaking! Fully funded, placing done, stock forward sold, shorted to lower placing price and now off we go - expect lots of positive news released one after the other inc the rumoured 100% buy out and interview! However that Oz naked short will still need to cover ouch they will soon get frozen out! IMHO DYOR
All of those huge trades yesterday showing at close one for over 127 million shares- last bits of the placing stock and people still think it wasn’t foward sold! Where did they get all that amount of stock from then considering they aren’t supposed to hit the market until next week! Naivety here is breathtaking! Fully funded, placing done, stock forward sold, shorted to lower placing price and now off we go - expect lots of positive news released one after the other inc the rumoured 100% buy out and interview! However that Oz naked short will still need to cover ouch they will soon get frozen out! IMHO DYOR
Ah bless the Oz shorts trying to dtop in a few big fake sell trades at the 15.50/70 mark well below the live bid wedged in between buys at 17.10s but unfortunately for them they got gobbled up with some very big buys…it’s not the placing stock @0.16 that’s for sure! Manipulation ‘naked’ shorting right there- all SINT trades too. Oz fund naked shorts will be squeezed tight until the pips squeak! Cannot wait! IMHO DYOR
2024-04-24T10:02:08+01:00
GBp 0.171 146198 248.54 Off-book AIMX
2024-04-24T10:01:42+01:00
GBp 0.171 453698 771.29 Off-book AIMX
2024-04-24T10:01:36+01:00
GBp 0.157 10000000 16,000 Off-book SINT
2024-04-24T10:01:36+01:00
GBp 0.1575 10000000 16,000 Off-book SINT
2024-04-24T10:01:27+01:00
GBp 0.155 7500000 11,250 Off-book SINT
2024-04-24T10:01:27+01:00
GBp 0.1555 7500000 12,000 Off-book SINT
2024-04-24T10:01:14+01:00
GBp 0.1625 101451 162.32 Off-book SINT
2024-04-24T10:01:14+01:00
GBp 0.162 101451 162.32 Off-book SINT
2024-04-24T10:00:42+01:00
GBp 0.1701 2446 4.16 Off-book AIMX
2024-04-24T09:57:42+01:00
GBp 0.1705 348416 592.31 Off-book AIMX
2024-04-24T09:56:45+01:00
GBp 0.17 25000000 42,500 Off-book AIMX
I’m interested to know why we can’t carry on as a listed company there are some remaining assets still that were not included in the sale were there not - also as these are producing money making assets circa 30k BBLS per month etc (will March production be reported?) what happens to the production monies before the asset is legally sold to SHB the senior lender it is not theirs but companies COPL until legal transfer which will take a few months in reality according to the docs.
Also what is to stop SL from allowing COPL to continue to trade and so being in full control of company putting in their own people & ousting current BOD? There is also basic value in our listing and once debt paid, the company may have a few pounds left BUT if what I’ve just suggested didn’t happen re SL then surely we are ripe for eg a RTO esp with a valuable main market listing. What do others think? IMHO DYOR
Well absolutely Barn considering just a few weeks ago we were trading in the 40’s! The SP was worked down as we all saw with our own eyes. Now reversal in play after shorting activity and forward selling of placing stock! Entrants buying now sitting pretty & LTH buying and taking advantage of these artificial historic lows and averaging down! IMHO DYOR
Next level now 18 v 18 and NT for large volumes …I believe we will see 20 at some point today! We are better placed than ever now in the history of the company and the 2 x new discoveries fast tracked to commercialisation will be transformative for 88E in 2024! Bring it on! IMHO DYOR
Oversubscribed placing
Fully funded for all projects
Progression now from explorer to commercialisation and a producer
Possible buy out of 25% to get 100% ownership prior to JV Major sale/farm out production
All projects advanced and securely underpinned for next 12 months
Working capital and administrative expenses funded next 12 months
No further threat of dilution within next 12 months
Money to come this year from commercial production fast tracked now
Company in strongest possible position in their history
A raft of news to come on all projects so entering heavy news rich period
Majority of placing forward sold and churned (I strongly believe)
Short cover needed and exposed
IMHO DYOR
I see the Oz boiler room crew OldDuffer and Scrotum126 have been working their nighshift throughout both uninvested and both showing obsessive behaviour to slate 88E from every angle! Well when the rent is due they got to earn their crust from each post for that Oz shorting fund! Heads up BOD cannot participate in this raise because they are legally excluded from it you clowns! IMHO DYOR
Jesus Oldcodger you just woken up? Yes im sure you are exhausted advising all day on a hotline from Oz those ii not to buy here or partake in the placing shares…trouble is they already did! Forward selling and cheap placing all part of the serivce eh! You need to get a life or a better paid job than doing the shorts bidding! GREEN BOXED cannot waste another minute on your utter fud and diatribe! IMHO DYOR
Dealer55 with silly comments like that you’re best out of the stockmarket and perhaps take your pennies to your local dive casino at the bookies.
Well cash in bank 17.4 MILLION and a further 5.8 MILLION on its way. I am sure we can do something with that over the next 12 months! Oil being put into production via JV major (possible 100% ownership Phoenix if remaining 25% buy out rumour true) and all of our projects progressed and securely underpinned just as the price of oil is doing a sponsored climb to Kilimanjaro! IMHO DYOR
Seahawk it’s my opinion that they have so what is it to you, my opinion? You disagree but then you have nothing whatsoever to do with 88E same as I have no stake in PANR. My opinion based on numerous years in the market is that they have majority been forward sold. Whether that is via shorting to affect and lower the share price in tandem (boiler room crew parked here based Oz) and then cover with the placing shares. You need to look at the volume traded and fhe free float available which has been hugely exceeded on numeous occasions recently- where was it coming from explain that? This is exactly what happened at COPL but it wasnt exposed until too late in the day when a fund shorted nearly 50% of the company before a raise they were involved in. It may be that the placing was agreed at a higher level and then the combo of naked shorting and ii shorts brought down the share price against the 2 x gamechanger news we had in the space of a few weeks. The trading patterns were highly unusual and the heavy volume of buys v very little selling were not affecting the ask but a tiny sell would immediately bring it down. There was a lot of ‘bait and switch’ going on! I don’t care if you disagree that scenario has happened and played out a million times on AIM and main market. Do not be so naive to think it doesn’t! I think there is very little left now in reality. Today was a good day to buy. Even holders were not minded to sell as why would they? A few disgruntled pi’s yes but where was the stock coming from to fill eg the large buy prints we saw. There will be many more delayed obviously as to not fully let the cat out of the bag just yet! IMHO DYOR - note IMHO in my humble opinion DYOR do your own research