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'Tangier’s wiped out shareholders'

some of us stayed and converted shares to 88E, so double whammy. I am tempted to stay until the poo recovers next year and then sell at less of a loss than now maybe.

...and then Desire went on to announce they had found water instead of oil and the shares tanked, as did my investment with it!

60M+ trades today at a time when oil price is low and world is in crisis.

Some folks are definately taking a position in readiness...

Only 4 years? Luxury!

Wonder if this signals an expectation of news very soon?

PMO have tried to reassure investors that they have sufficient capital liquidity to see out 2020 based on projected projects, so reassuring for us as well.

'What a pile of carp ST! Are you invested here?'

Yers, from way back when it was Tangiers and holding many millions now, not that its anyone's business Jiddy. However on that basis I do believe I can at least ask a question on here.

Just a thought, will PMO have paid for the drill upfront or will it be based on a line of credit etc.

If the PMO crash continues will they be able to honour the $23M if not already paid as it could be taken over by priority creditors who may have different ideas? Just thinking out loud so don't shoot me for that.

'Chinese manufacturing took big steps to normal this week....'

I think a real test is whether a more democratic country will be able to do that. In China there is little in the way of benefits so you work or you (potentially) starve. In Western countries we may find a return to work slower due to a reduced financial pressure for many. I hope that Alaska remain virus-free and the folks on the rig have lots of hand gel and facemasks!

Virus concerns across the whole of the markets I'm afraid.....

This could be a sustained drop in all markets due to the possibility (apparently increasing) of a global pandemic. Time to sit tight and guage the bottom of the market before buying as the risks to 88E remain the same in terms of the drilling, but POO likely to fall.

Same with pretty much all other stocks. My watchlist is all red today but I won't be diving in yet.

I just keep watching this over and over which convinces me to stay put....

https://www.youtube.com/watch?v=8kHZ5K09GgU&fbclid=IwAR2YCI0RepkgRBfp5Vjp9tV4RLIagsFfgI0EgoDuO9GnFFqkDvCbjqDuv3g

Looks like PMO are picking up the FOMO sentiment now developing on the 88E forum.

Good luck to both companies.

Starting to jump - could be the start?

Brom 11.11 - spot on.

No company throws around $23M on the off-chance. PMO are pretty confident to do that, but what we don't yet know is how a success will be measured by them. Taking their options on blacks B&C maybe, or perhaps adding 88E to their portfolio?

Thanks Dave, just what the doctor ordered!

I am a (very) LTH with quite a few million shares, but although I intend to be here when the drill passes throughthe first layers nevertheless to watch the sp falling like this is sapping my enthusiasm a bit. I read many posts saying things will improve (and they probably will) but heck DW - give us something to hold onto please!

The bit that caught my eye was 'Opstad is also 50% owner and manages Jade’s operations.' Seems likely that discussions will be underway regarding a joint approach then?

Unfortunately its likely that events in China and elsewhere to control the spread of the virus may well hit all markets in the short term. All my watchlist is in the red presently.

Brom 7.39 - good points made. I am, as you know, in for the long haul, but cash raise at this point seems to signal that DW may not be too confident in the results of Charlie 1 so is hedging his bets to be able to go forward if its not a game changer.
I trust his judgement and hope that he will make me a very rich man, but these pit stops along the way just frustrate.