Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
16-Apr-24 15:46:52 0.22 40,903,659 Buy* 0.21 0.22 89.99k O
And in come the big buys to cover the shorts held by the fund expect quite a few more and the MM have been totally complicit here whenever buys outweighed the sells they refused to move it up edging it back further and further. Sells are tiny and helping to manipulate it back and forth. I took no notice have added 15.7k worth today to my already large position here! Expect more and more big buy prints delayed soon they will all pop up! IMHO DYOR
QBT are being shorted and there’s an Oz based shorting team on here on behalf of their paymasters doing same but for how much longer can they get away with it both here and over there! Here the price of oil is surging and we have the goods. I don’t think they expected this to do so well! And another 5.7k for me lovely! IMHO DYOR
Yes perfect time to top up more - I can wait and looks although the Spreadex lot have stopped too so bizarrely we may see a bit of a bounce now. Two weeks or less then off we go - no more cheap stock and investors look to be buying not selling on this news. I suspect those that did may find it difficult to get back any positions here as on a technical note this has reached the level of oversold and been in the same range for far too long . One/two big buys and I reckon we break out. Regardless of the rig delay this is oversold and undervalued! IMHO DYOR
Back from a very nice lunch and look they have all turned up here wanting a slice of the action (nearly a full house) keep bashing then as I’d like to buy more this afternoon just sold another stock specifically to buy even more! The bashers have attacked the find, the company, they’ve lied, misled and now bizarrely attacking me lol! Carry on gents I’ve got very thick skin and wallet! IMHO DYOR GLA
Ssccss - they can also increase! It’s also the survey of what’s in the ground that hasn’t moved lol! They’ve already stated it’s COMMERCIAL! IMHO DYOR
‘Commercialisation options to be advanced in parallel, including farm-out to a strategic development partner and/or early, capital-lite production, given proximate infrastructure advantages (Hickory-1 next to Dalton Highway and Trans-Alaskan Pipeline System (TAPS)).‘
I’m beginning to think there’s a lot of people on here who haven’t even read the RNS! I will also add here
‘Hickory-1 has now delivered two successful oil flows and three independent discoveries:
- SMD-B (today's result): with a peak flow rate of ~50 bopd of light oil (measuring approx. 39-degree API oil gravity, under nitrogen lift).
- Upper SFS (USFS) (previously announced on 2 April 2024): with a peak flow rate of over 70 bopd of light oil (measuring approx. 40-degree API oil gravity, under natural flow).
- Both flow rates result from low volume stimulations over small 20ft perforated intervals in vertical well.
- Previously announced Basin Floor Fan (BFF) Gross Best Estimate (2C) Contingent Resource of 250 Million Barrels of Oil Equivalent (MMBOE) (refer 88E ASX release dated 6 November 2023)
· Quality and deliverability of both SMD-B and USFS demonstrated via oil production to surface with the USFS reservoir producing under natural flow - positively differentiating Hickory-1 from results on adjacent acreage.
· It is anticipated that these reservoirs will be developed from long horizontal production wells which typically produce at multiples of between 6 to 12 times higher than vertical wells. Project Phoenix also benefits from the ability to produce concurrently from multiple reservoirs in a single development scenario.
· Well testing results from the current field season confirm long-held views of the producibility of multiple reservoirs at Project Pheonix.‘
Well I would add that my significantly large holding here and now even bigger as have bought more and more - the MM will happily take it off me all in one go and THAT tells you all you need to know! Despite the bluster and misinformation being peddled by the boiler room shorting crew the MM want stock - this is all a smoke and mirrors play and we will see after hours or in a few days big money buys here! The results were indeed great and you honestly want to try and convince me that we should be trading at near ATLs yes right lol! Buy when others are being made to feel fake fear! IMHO DYOR GLA
Skippy if he or Scot spent as much time actually investing in any stocks as they clearly don’t want to here he might make some actual money…in the time he’s been banging on about his own interpretation of the results I’ve bought several stocks as well as another 10k here! OldDuffer put a sock in it there’s a good chap! You’re coming across obsessive and ridiculous now with your own boiler room agenda! IMHO DYOR
Old duffer you don’t hold and yet you post on here through the night you’re clearly from OZ part of the boiler room crew or just a saddo! You think the company is confused do you and their competent expert? Have screenshot all your comments and others! Your accusations against the company are libellous and quite pathetic ! IMHO DYOR GLA
If there was a placing and it was’ forward ‘sold then again because the price drop has been artificially pulled - the market opened the stock at 33 v 35 on RNS with buys going in, they didn’t even let it move up and you clearly couldn’t claim it dropped because profit takers from lower level were taking their profits. IF there was finance and forward sold then this is illegal and clearly they have exposed themselves. This is more likely to be shorting campaign by targeted boiler room crew hence the endless and consistent negative posts and misleading information. The company is unlikely to try to raise huge sums to produce the field themselves and would be looking as stated in RNS to JV which eliminates need for a huge amount of money. The share price has on average been constantly above 33 region highest 38 average 34/35 for last 10 days so as I said above to forward sell any stock would be illegal as they do not know the price yet or indeed have not informed the market or have the shares to sell! This would be the stupidest action ever as SP is down 37% from yesterday on good news and people are asking questions quite rightly. If you look eg at HE1 that was dragged back to 96/97 with zero explanation other than a campaign of misleading information it then bounced all the way up to 1.75 within days currently sitting around the 1.35/1.40 mark. The drop of the SP has nothing to do with the content of the RNS which was excellent and everything to do with huge manipulation campaign. We have discovered TWO oil finds with hundreds of millions of barrels below! Wise to remember that! IMHO DYOR GLA
I am contacting the company and have highlighted the market abuse misinformation that’s being twisted from the RNS and also made a complaint of market abuse re social media boiler room campaign by a targeted shorting crew. MM have been compliant as they make money on the way down and back on the way up! They don’t care! All gone in to market abuse team. However the company should straighten this disinformation on the 4 barrels nonsense immediately and issue a response!
ADMIN you need to remove any posters repeating this lie.
IMHO DYOR
10k top up a steal - This is now a ridiculous price let’s see what they have to say in the interview! On a purely technical trading this is now way oversold and ready to do a bounce! Thanks sellers and deramping shorters! IMHO DYOR
Scot just stop posting before you get banned off here indefinitely! You’re a paid poster end of. Nobody spends 24/7 on here who’s not invested spouting twisted nonsense on our announcement of another oil find without another agenda! I see Oldduffer has finally gone to bed in Oz or he’s been banned too! IMHO DYOR
We don’t need to fund this we are a resource explorer we’ve explored and found hundreds of millions of barrels of oil Scot! We then have an offer for the fields from Major based on the numbers and years of production or we JV it but I believe the former will be the plan. We are not going to develop this on our our if at all it’s huge! I notice you’ve spent a great deal of time with long lists and posts and can see you’ve also posting the same stupid stuff on X. You’re a paid boiler room coil and you’re outed! Have already put in a report this morning to market abuse team at FCA. Good luck winning Employee of the week award for your services and congrats on wining an extra Big Mac and fries for your trouble or whatever you get paid in Oz! That’s why the Old duffer was posting so late on into the UK night! IMHO DYOR GLA
Yes the fact that deramping crew are so lazy they now can’t even be bothered to look at the facts or even the RNS just spewing out endless classic lines like duster lol! Unbelievable what we’ve had to put up with today! An extract from the fantastic RNS - this is our SECOND OIL DISCOVERY to add to the FIRST and we are being forced to trade below the price before we even discovered both! Manipulation of the market and deramping whinging from those on shorting spread bets all taking turns to attack the find! Happily telling lies, left right and centre! Buy whatever they’ll let you and watch them struggle and panic to catch up! IMHO DYOR GLA
‘Managing Director, Ashley Gilbert, commented:
"Having now successfully demonstrated light oil flow from two reservoirs at Hickory-1 in recent weeks, it is clear that this is a significant milestone in the history of 88 Energy. The USFS success represents the first time that we have successfully flowed oil to surface in Alaska - and under natural flow - as well as being the first time we have confirmed a light oil discovery of substantial scale in close proximity to the critical Dalton Highway and Trans-Alaskan Pipeline System infrastructure. To then achieve a second successful flow of light oil from the SMD-B reservoir, with a low gas/oil ratio, is an outstanding outcome for 88 Energy and its shareholders.
The flowing of light oil from multiple reservoirs demonstrates the potential that this acreage holds for our shareholders, positioning the Company to grow and extract value from Project Phoenix via multiple potential development and commercialisation pathways. These include farm-out to a strategic partner in pursuit of a carry towards a development proposition and/or accelerated, capital-lite production given the highly development-friendly location of Hickory-1 within the North Slope. Development of these reservoirs is anticipated to be via long horizontal production wells, with numerous production analogues elsewhere demonstrating many multiple times the flow rates achieved from vertical wells.
Detailed evaluation of these development options, and pursuit of the optimal pathway, is the process that we are now set to undertake over the coming months. This work will be undertaken alongside the assessment of independent Contingent Resource declarations for the SFS and SMD reservoirs at Hickory-1, which will be additive to the BFF Contingent Resource previously declared. It is a busy and exciting time ahead for 88 Energy." ‘
We await the bounce here! This has fallen back to 14-15 range so many times but only so many times it will do this then when it does breakout back to the minimum 19-20 range it should begin to properly attain support there. The current share price simply doesn’t reflect the value here end of. News could drop at any moment and a news led rally would see 21+ easily heading back into 23-25 region. Patience pays here as this is a very strong IP company! IMHO DYOR GLA
Here’s an idea all those that are suddenly slating the excellent RNS and our gamechanger transformative progress then don’t buy this is it’s clearly not for you! Don’t buy in simple buy something else but don’t spend more time posting crud and fud on here 24/7 making up stuff when you’re not invested and apparently have no intention to either. We the actual shareholders will take it from here ok! The ones actually holding and buying - we should thank you really all your relentless efforts to scare us off just means we got to top up at these low levels that we never imagined we could after this incredible achievement and results announced today! IMHO DYOR GLA
We could as this is now a gamechanger for the company and we are essentially an explorer, get a takeover offer and sell to Major/ semi major to take this forward so the question is to sell for how how much? I see 4-5 as being a very conservative number with the volumes but from here at current SP my god that would deliver some life changing amounts to holders. The amount and life expectancy of the field is worth multi millions here! IMHO DYOR GLA
Gap firmly filled on chart bounce to 46+ now - see here
https://x.com/majestictradera/status/1779775779267604986?s=61&t=s6qx3KTQ6lp2E1JSCCVgAA
and just bought even more this is now bordering on ridiculous! MM targeted gap on chart to fill buy orders as shorts close. The production could be achieved easily with a major coming in in JV capacity now and therefore no funding needed that the derampers are intent on using as their only weapon - so then what? This is now firmly oversold and undervalued- the market opened this at 34 with a spread of 33 v 35 there’s been no large sells or ‘dumps’ despite derampers claims and this now is ridiculously undervalued for what we have achieved! Hundreds of millions of barrels of oil that can go into commercial production and with the right Major partner no finance needed either! We can be commercially producing soon! IMHO DYOR GLA