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Jiddy,
Apologies for the late reply, I can assure you my investment strategy and my partying strategy are world's apart.
If there is anyone here that could possibly do with some advice on trading 88e it's you.
Bottoms up old chap......
Chaps, anything over 1p is a sell. Don't get greedy, trade the trade.
To many have been caught over the last 5 years waiting for results, that's a game for fools, believe me. Take the trade and re-enter if you are so inclined. Alaskan summer means stagnation and a possible (I think definite) consolidation, don't get caught holding the baby.......
While I enjoy the commentary, you guys are looking way to deep. 88e is a trading stock only. Pick your buy price and fingers crossed sell higher.
Without doubt dilution has killed any serious gains to be made at Merlin/and possibly Harrier.
My feeling is only Merlin will see action and @50% of Best guess 270 mill bbls, so 135 mill net to 88e, negligible gains on FA are possible.
But, the market is a funny thing and the dual listing can create opportunity, caused by both Cenkos and Hartley's playing the liquidity.
Be smart people. The old adage, "Buy the rumour, sell the news" holds here.
Brom,
I possibly wasn't clear. Many will be busy with holidaying, travels and Xmas prep in the lead up to Xmas Eve, 24th.
A lot of people may be preoccupied and miss the proxies cutoff, 10:00am on the 22th of December 2020.
So the General Meeting is the 24th December, they clearly want no one to vote last minute or send in live questions. The last virtual meeting was a debacle.
Make sure you get your votes in early.
Regardless of whatever Bonus deal the BoD are on, shareholders approved it.
If shareholders have an issue they should vote to change, on this matter, much talk little action.
My thought is the only bonus that should be paid is on commercial oil discovery. This signing a Farm-out bonus stuff is ridiculous, that's their job and they are highly paid. Just do it.
Jiddy,
Always worth asking the question, if it receives no thoughtful response, then it is what it is.
........Rubbish.....
I don't filter as I enjoy all commentary, I'd rather not live in a bubble. Some do and that's all good. Just not my bag baby.
Hope you are well
Rickierich
Any chance you could provide some context, or meat to the bones, of your claim, "This farm is in a worse position."
To me they look like a negotiation from the same position.
Happy to read your thoughts........ I'll wait.