The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
well indeed eye spy some chunky buys… but but they didnt listen to tosspot, *******sthebuilder, wetlettucebe, old duffer, munnie******, scrotum126 et al how odd they haven’t taken their advice and seemingly bought shed loads! well knock me down with a feather! imho dyor
23-apr-24 17:07:05 0.166 5,500,000 unknown* 0.16 0.165 9,130 o
23-apr-24 15:57:34 0.165 25,000,000 unknown* 0.16 0.165 41.25k o
23-apr-24 11:44:58 0.1595 20,000,000 unknown* 0.16 0.165 31.90k o
23-apr-24 13:29:48 0.1605 20,000,000 unknown* 0.16 0.165 32.10k o
23-apr-24 15:57:34 0.165 25,000,000 unknown* 0.16 0.165 41.25k o
23-apr-24 15:54:51 0.165 25,000,000 unknown* 0.16 0.165 41.25k o
23-apr-24 14:49:33 0.165 15,987,909 unknown* 0.16 0.165 26.38k o
23-apr-24 12:40:31 0.162 6,270,123 unknown* 0.16 0.165 10.16k o
yawn munnie thanks see you off you go close the door behind you. you were never in only a shorting spreadbet wazzock churning out the same post for your friday beer money. now posting fantasy.
derampers and 88e critics - it’s done get over it - i have! this is the stockmarket it’s a tough game but play the players and buy. we already know it has been majority forward sold so get over it. the one thing you had in your pathetic ****nal was shaking the stick at investors that there would be a placing always using that eg as a thread title to shove in some fear. companies place and raise. they should have waited and raised higher but now holders or new entrants, you have same opportunity right now to buy at placing price for the moment . take the opportunity don’t take it i really don’t care! but today we have built a stronger balance sheet to now make the move from explorer to oil producer a reality and absolve any doubt that we have enough funds to get it done!
i don’t care what bashers say dont buy then i really only care about what i’m doing or what the market makers are doing and will comment in response when i see manipulation. do you think eg the buyer of 90k’s worth last week @22 is worried? no sir! i’m in for half that amount…may be more if i feel like it and now with a super sweet average! imho dyor
So balance sheet now minimum 23.2 MILLION and off we go with all of the below and onto swiftly COMMERCIALISATION! Bring it on! So if this had risen initially as we all thought on 2nd excellent discovery news last Monday it opened at 33 v 35 all those wanting in would’ve been paying up to 45+ no doubt as before. Now we have a gift horse with same results and same prospects but has allowed current holders to significantly improve and lower their averages impoving gains as we move away from this level just in time for what we know is going to be a very rich news period with plenty to bolster the share price here. So for the sake of a short period of time (we know its been naked shorted & forward sold that’s the mechanics here so reality is very little will be left & not for long) when last of placing churned we get a seat to ride back up. Even the shorts will be mopping up whats left of the placing stock as once it’s gone, it’s gone. IMHO DYOR
‘The net proceeds of the Placing, together with the Company's existing cash reserves, will strengthen the Company's balance sheet and will provide the Company with sufficient capital to fund:
· Project Phoenix, Alaska: Following the successful flow testing at the Hickory-1 discovery well, 88 Energy will be focused on:
o Completing post-well testing and analysis at Hickory-1;
o Securing a contingent resource for the SFS and SMD reservoirs;
o Commencing a formal farm-out process to attract a high-quality new partner to fund the next stage of appraisal and development; and
o Advance planning and design of a early stage production system.
· PEL 93, Namibia: Completion of 2D Seismic program, generation of a maiden prospective resource report and other studies associated with the Owambo Basin.
· Project Leonis, Alaska: Securing a farm-out partner to fund a future exploration well to test the proven producing Upper Schrader Bluff (USB) reservoir and continue further studies and analysis.
· Funds will also be applied towards Alaskan lease rental costs, working capital and assessment of further new venture opportunities.
Following completion of the proposed Placing, the Company will have sufficient cash to fund its ongoing working capital requirements and general and administrative overheads for at least 12 months.
88 Energy has made the decision to complete the Placing to secure funding arrangements to fund the transition to post well analysis and to secure further Contingent Resources at Project Phoenix.
The Company intend to commence a formal farm-out process for Project Phoenix following completion of the Hickory-1 post flow test analysis, with the aim of attracting a strategic partner for the next stage of development and commercialisation.’
Monet you seem to be thinking that I run 88e? We have as released last week 17.4 million in bank pre this placing. I attached and highlighted the words from the VOX markets overview. We were fully funded to carry out what we needed to do on all projects so we have now gone to market and raised a futher 5.8 million which includes working capital and other ventures outisde of project advancement too!
Here it is
notice the line here *** * ‘88E is FULLY FUNDED to develop Project Phoenix and its other assets’!!! ****
‘Positive results from multiple reservoirs means significant upside in future development via multiple commercialisation options. These include a farm-out to a strategic partner or early capital-light production, given the acreage's infrastructure advantage of being next to the Dalton Highway and Trans-Alaskan Pipeline System. The project benefits from the ability to produce concurrently from multiple reservoirs in a single development scenario.
Project Phoenix is being jointly developed by 88 Energy and Burgundy Xploration.
88E has a 75% stake in the acreage. As of March 31, 2024, 88E is fully funded to develop Project Phoenix and its other assets in Alaska, Texas, and Namibia.’
https://www.voxmarkets.co.uk/articles/88-energy-s-hickory-1-flow-test-yields-dual-success-unlocks-upside-in-multiple-development-options-73731a3/ IMHO DYOR
Ah the builder12 is on his teabreak I see so let’s review his nonsense as he always wants to make me the target!
Metro Bk @ 55p + now 32p - money made tick ☑️ not invested currently and no loss
Ethernity @ 4p, 3p, 2p now 0.9pm money made tick ☑️ not invested currently & no loss
Vast at 0.40p now 0.43p and that’s after a 6:1 reverse stock split!!!! - money made tick ☑️ was not invested at stock split & no loss
COPL - bust - TBD ( already made my losses back) High net worth shareholders action group suing watch this space
Bidstack - bust - money made tick ☑️ not invested for a very long time & no loss
NNN - bust - money made tick ☑️ & no loss that was yrs ago
Here’s a thing as well as buying you can sell! Who knew! It is both entry and exit points which are key - I have taken my average down here significantly as I have the funds to do so. However I may think about selling in the 65-75 region. Is that ok with you? I can trade for more stock position too to accumulate do I need to sign this off with you? I can assure you today does not faze me at all. In fact it has stolen the deramping shorters narrative of fear of a placing and deactivated it. Get a life Builder you’re obsessed with me! My portfolio is huge lol the green monster lives in your head it seems rent free!
IMHO DYOR
Handspring and that’s the way to do it clearly top up time and right now spread is wafer thin signals next level coming in. A very attractive entry too for new entrants now. Funding out of the way company secure and fully funded on all fronts, all projects - bashers have nothing to offer now except fantasy fud rants. There is money to be made here -multi bags. If you don’t agree off you jog and pick from the 1000’s of other stocks you can buy on the stockmarket- who knew!
My timeline filling up with green boxes always a good sign! IMHO DYOR
Thanks Ilovesocks but we are all grownups and we can read between your lines. We really don’t need you to hold our hands! Work that short baby work it! I’m buying more and right now we can buy cheaper than the boys in the city have been offered! We all know it has been forward sold anyway. FULLY FUNDED for 12 months with all our projects being advanced and JV farm out agreement coming soon. I expect they already know who is the JV and this is when we will get the we now own 100% having bought out the remaining 25% Phoenix RNS! I’m therefore expecting the placing to have been oversubscribed. You shouldn’t be afraid of placings when they advance and strengthen our position with an extra 9.8 million on top of the 17 million in bank we are going to make leaps and bounds in 2024! IMHO DYOR
Reading the comments is hilarious! Right firstly this is the stockmarket companies list on said markets to expand they do this with expansion funded by equity raises. Whilst I agree they should have raised higher, they will bring in an extra $9.8 million on top of their existing $17 million healthy funds in the bank already. We were fully funded for all projects as stated even in the Vox markets overview however this now gives us 12 months surety of enough cash to do all we need to do on all projects inc well tests and even looking at other projects.
The rumour is that this raise and why it was done now is to use part of these funds to buy out and secure the 25% interest to own Project Pheonix 100% outright meaning a probable sale in wings or simply making it a smooth farmout with major.
Now having seen the SP over last 5 days something was amiss - the naked short was used to bring down the SP to effect such a large discount however I think we can all agree the majority has been forward sold. The short cover will be covered using renainder and everyone is a winner. Its a poor show but just as we were happy buying in mid 30’s we will be even happier buying this low knowing we will now get a further deluge of good posituve news flow along with surety of having a ton of cash in bank and the company underpinning the SP with expansion and progression of lucrative projects and yes fully funded safety for 12 months.
So sling as much mud as you want bashers but despite the placing price what now are you hoping to achieve by being here by commenting further? How many times can you gloat and is that paid or lucrative for you so why bother? I suggest like I have you start buying or if you’re not going to even do that at this historical low juncture when we are in the strongest position in years, you simply jog on! If you hang around still then that fully exposes your position and own agenda in being short and having bet against the company.
As sure as egss are eggs the share price will rise again! See this as a full on buy opportunity which I am happy to fully embrace! Onwards and now upwards! IMHO DYOR
Hillbilly in order to make a profit to sell at 41 when it rose to over 44 less than a few weeks ago you would have had to have the faith to buy in lower pre results. Well that’s what we are all doing now buying and topping up except we have now had release of excellent results on 2 x discoveries and more to come than when you say you bought. Your view makes therefore zero sense! All you have demonstrated is the potential bags from this low level for new entrants and holders lowering their averages before the ship sails North again! IMHO DYOR
MM playing bait and switch all day - we opened at 22 with 23 paid and all we’ve had is manipulation moves all day! All noted and logged. So absolutely no reason for the ridiculous drop! Shorts margin call no doubt after our fantastic news and MM lowering the rope along with a targeted boiler room crew for an Oz fund who went on the attack on their behalf. Play the players trying to play us for mugs and buy and hold! IMHO DYOR
Good god yes you can buy now with a live quote some amount at 20.30 then NT for larger! It changes obviously!There’s no stock available because nobody is stupid enough to be selling and mugged down here and buy side is heavy demand! IMHO DYOR
Back to NT on buy side! No large seller just short cover and market maker manipulation participants happy to oblige but they got very little. Play against the players abusing our share price and buy and hold tight ! IMHO DYOR
This one tiny sell at 14.38 immediately switched the live bid down - really MM??? One small sell affected it that much? Your algorithm is twisted and broken then because a deluge of bigger buys only creeps up the live ask! IMHO DYOR
22-Apr-24 14:38:46 0.193 74,638 Sell* 0.19 0.20 144.05 O
A new tweet from the company! - Australian article released a very positive piece! IMHO DYOR
https://x.com/88energyltd/status/1782250338747384165?s=61&t=s6qx3KTQ6lp2E1JSCCVgAA
19.80 to buy and NT still for larger volumes! No appetite at all from anyone to sell. No large seller showing just unscrupulous MM fishing for stock. Obviously. Play the players here and buy against the fake narrative! I strongly suggest there’s been a heavy margin call here! Last chance saloon for exposed shorts! IMHO DYOR
Can’t buy anything now into NT on the buy side! Was always a BUY when they drag it down against hugely successful and positive news! Sellers will feel very sheepish and silly now! Shorts will start to get heavily squeezed now! IMHO DYOR
GLA
So the MM work it down grab stock on the way down and now want it on the way back up too! Glad I bought over 10k top up on this sl*t drop because now I cannot buy that amount BUT the MM want my entire holding 2 huge tranches in one go off me! No deal! This is all about shorting covers and the MM are lowering the ropes. Play the players and buy against them! I expect after the deluge of positive news a margin call may have been made!!! IMHO DYOR GLA
Newb don’t turn up and turn on your lazy generic playbook honestly another lazy deramping loon! I suggest you take a look here at yet another expert analysis from someone who actually knows what they’re talking about! IMHO DYOR
https://www.reddit.com/r/EEENF/comments/1c9qh8w/hickory1_discovery_well_smdb_test_results/?rdt=35918
The company now need to issue a ‘we know know no reason’ RNS to knock the naked shorters out once and for all! Imthink they will or indeed they must! Its coming! I have just bought another 10k worth in 2 trades. Most red trades on here in 19’s are actually buys! IMHO DYOR GLA
Munnie honey as stated in the VOX write up overview we are FULLY FUNDED to develop ALL OUR PROJECTS
notice the line here *** * ‘88E is FULLY FUNDED to develop Project Phoenix and its other assets’!!! ****
‘Positive results from multiple reservoirs means significant upside in future development via multiple commercialisation options. These include a farm-out to a strategic partner or early capital-light production, given the acreage's infrastructure advantage of being next to the Dalton Highway and Trans-Alaskan Pipeline System. The project benefits from the ability to produce concurrently from multiple reservoirs in a single development scenario.
Project Phoenix is being jointly developed by 88 Energy and Burgundy Xploration.
88E has a 75% stake in the acreage. As of March 31, 2024, 88E is fully funded to develop Project Phoenix and its other assets in Alaska, Texas, and Namibia.’
https://www.voxmarkets.co.uk/articles/88-energy-s-hickory-1-flow-test-yields-dual-success-unlocks-upside-in-multiple-development-options-73731a3/ IMHO DYOR