The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
"btw, you don't just raise finance and the next day you suddenly are pumping oil, guess what, there's an interim period of no end of possibilities, one does not guarantee the other."
Oh and just to add to that, in business there is a term used, 'fast follower', as opposed to first or early mover, there is also a huge advantage to being that fast follower rather than the early mover, I feel sure that 88e management are very happy for PANR to be forging away with there own cash, whilst 88e conserve theirs choosing to learn from others costed decisions first.
older you are trying to be ****y, but i think you fail to realise it was me that stated, having 1.8 billion shares should not be horrendous, your attempt at a gloat is weak at best. but try placing the idea of 1.8 billion shares on the panr board and see how many would be happy to be diluted by 50%.
btw, you don't just raise finance and the next day you suddenly are pumping oil, guess what, there's an interim period of no end of possibilities, one does not guarantee the other.
"After all the talking up of Panr and how undervalued they are . The market is telling us different ."
Actually I think they likely are undervalued as are 88e, the difference is that 88e have no debt, have multiple irons in the fire and the panr boys are just coming to realise that they may be diluted by maybe 700 million shares to raise the £250m. That also doesn't include the current bonds worth another 100 million shares.
These chaps have spent their life laughing at 88e for the number of shares they have and are now likely to almost double their own if they don't find a partner funding, and that is of course if their share price doesn't collapse, the lower it goes the more shares are needed to fund the same level of financing.
88 Energy Ltd
@88EnergyLtd
·
Apr 9
Flyover during Upper SFS flow testing at Hickory-1 discovery well. Shallow SMD-B reservoir testing on track, concluding next week. With our neighbours previously flowing oil from the SMD-B, anticipation levels are high. We're awaiting results and will keep our shareholders posted
Me, me, me, me (hand in the air) I think I know this one, is it the same one that has imminent news this week on the SMD-B flow test. Is it the one that generally just gets on with things and keeps itself to itself, or..... is it the one where its shareholders spend more time on another stock de-ramping it, than they do on their own discussing its own merits, oooh, oooh yes I'm sure I know this one!
Chrisev1, what are you on about, your question was answered almost immediately, as far as everyone is aware there are no photos available post what 88e themselves placed on twitter here https://twitter.com/88energyltd
"With over 400 expressions of interest" - wow multiple of £millions, Anavio are done for, who would want to publicly admit to ever having been a director of COPL, apart from the extreme embarrassment, it should potentially come with a health warning.
I have always found using stop losses on AIM a risky option, stop hunters exist in MM's just a hard and fast spread shift can lose you your shares, anyone remember the fiasco at a Falkland's oil driller that dropped the SP by 50% and rebounded it again in around immrc 30 minutes, it wiped out hundreds of thousands of shareholder funds in an instant, always be careful imo with stop losses, if they build around brn's they'll be mopped up.
And btw I never said Pantheon are struggling for finance, I have already noted yesterday that they have the ability to raise via equity as stated after the webinar - "actually $250,000,000 is only around 700 million shares so they have some headroom, even with the 100 million shares added from the bond holder that is not extortionate to get things moving and far better than debt anyway."
So if news next week, I expect a little volatility over the next couple of days here, and definitely far far more de-ramping here by the Panr boys that were likely put out by yesterdays poor show, realising only one left in the game for funding and possible equity being the route to financing. I noted they really rounded up on one of their posters. Could be some opportunities all round for some.
Peaky, I have no problem with a difference of opinion, I'm not saying I'm right or its in any way fact, its just an opinion, others may differ. They are talking of funding and now only have one person on the table, the FID on the in state phase is still some way off and thus funding likely even further.
I don't see the raising of funding by equity for such a transformative stage as horrendous, particularly if they can get the SP up a bit and lower the equity requirement. However like I say it's my opinion, what I don't accept though is your cloaked accusation of dishonesty or transparency.
I'll leave you discuss, I should have expected that response though just based on the shareholders from this board that visit 88e.
Yes just listened to the presentation, my view was based on the loss of one potential funder, the fact that the trans Alaska pipeline, assuming it goes ahead, is years off and these things always have a tendency to be delayed and that actually $250,000,000 is only around 700 million shares so they have some headroom, even with the 100 million shares added from the bond holder that is not extortionate to get things moving and far better than debt anyway.