focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
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.
The helpful souls here once again reminiscent of the sudden arrival of multiple London buses. Could it be related to some individuals experiencing a sharp decline at Panr, after earlier hitting the heady heights, did they just expect it to carry on up up and up, was that what led them to unleash their frustrations here?
Or perhaps their discontent stems from witnessing a substantial amount of large purchases on our end. Despite their efforts to undermine us, we still closed the day up by 7.5%. It's unfortunate that this board has attracted such hostility from those affiliated with the PANR group.
Over the years, I've observed extreme cases of market manipulation, but this group's level of envy and their intense desire to see 88e fail as an investment is unparalleled. What drives them? Do they believe that if 88e fails, its investors will flock to them? It seems they've adopted a misguided interpretation of the saying, "if you can't beat them, join them." Perhaps they should revisit the original meaning of that phrase and realise it is not if you can't beat them then continue until they join them!
Time Bid Offer Volume Trade Buy / Sell Value Trade Type
16:29:25 0.35p 0.36p 12,500,000 0.3555p Buy £44,437.50 Off-book trade
11:53:50 0.34p 0.36p 8,000,000 0.3550p Buy £28,400.00 Off-book trade
17:07:47 0.35p 0.36p 8,000,000 0.3600p Buy £28,800.00 Off-book trade
12:40:04 0.34p 0.36p 6,094,390 0.3550p Buy £21,635.09 Off-book trade
10:37:44 0.35p 0.37p 5,081,420 0.3602p Unknown £18,303.27 Off-book trade
10:35:37 0.36p 0.37p 5,000,000 0.3600p Sell £18,000.00 Off-book trade
10:36:39 0.35p 0.37p 4,346,740 0.3680p Buy £15,996.00 Off-book trade
10:31:30 0.35p 0.37p 3,500,000 0.3640p Buy £12,740.00 Off-book trade
10:34:56 0.36p 0.37p 3,386,410 0.3675p Buy £12,445.06 Off-book trade
08:05:19 0.32p 0.34p 3,008,450 0.3320p Unknown £9,988.05 Off-book trade
09:56:01 0.33p 0.35p 3,000,000 0.3470p Buy £10,410.00 Off-book trade
09:56:07 0.33p 0.35p 3,000,000 0.3500p Buy £10,500.00 Off-book trade
10:33:43 0.35p 0.37p 3,000,000 0.3630p Unknown £10,890.00 Off-book trade
Lol RBO, you seem to be full of statements that you consider as facts. Now you even seem to have defined an exact percentage for what determines a rise, mate you have become a joke here, I can see your type, been here too long, seen them many many times, you won't give up till you have the last word, you have little clue but portray everything you believe as being the defacto truth. knock yourself out as this has become ridiculous.
Seems I need to give this to you again, what's this 3rd time, I welcome a consolidation, that will be a problem of course for you as what will you use as your next punch bag subject...
• Past Mkt Cap 2/03/2022 with 15,725,361,910 shares. The share price closed 2nd March at 2.79p giving a Market Cap of £438,737,597. A similar MKT Cap today with 25 billion shares in issue would equate to a 1.755p share price.
• Thus, trading at only 18% of past valuation, huge upside.
• Comparison to PANR shares (only because so many like to use the comparison and moan that 88e has too many shares, as if that’s an issue!)
o PANR current Mkt Cap of £324m from 944 million shares with share price of 34.35p
o 88e current Mkt Cap of £83m from 25 billion shares with share price of 0.33p
• Thus a 30:1 consolidation of 88e would give 833 million shares with a share price of 9.9p thus the 25 billion shares may look problematic now, however a consolidation would resolve the issue and indeed make comparison wise PANR look overvalued at almost 4 times the Mkt Cap of 88e without the moaning associated with share count. Do PANR have 4 times the assets value
What do you not understand about the term 'coming weeks' its plural.
what do you not understand about the term circa 10 days, its an approximation and by a third party at that, their guess.
but heh, don't let the facts stand in the way of your narrative.
Actually the more I read this RBO the more I question the way he uses the term 'we', I would question if you are even invested, or at least if you are long.
You seem to try very hard to a paint a negative picture, even on your faux positive posts they include the negative.
Look at how the SP picked up today on almost nothing, there is nothing at all that lays down any proof that for the share price to advance it MUST have at least 1 billion shares traded, for sure 1 billion shares being traded, particularly if most are buys will propel this stock massively, but your posts verge on the lies. Such as the comment "Glam I have no issue with the delay (if they were upfront and don’t try to disguise it)"
- there is no fact at all in this, it is your assumption, your supposition that you wish to portray, why is it not, as most would see, 88e marketing itself as we should expect and hope, (I guess people would moan if they didn't put out any tweets) it seems you have an ulterior motive for everything that is done and it can never be anything but negative.
Ridiculous, grow up you're as transparent as clingfilm.
Results have not been delayed, this is the current rhetoric that the de-rapmers wish to portray, they make a statement, agree with themselves then continue it hoping it becomes the standard belief.
The company clearly stated on the 2nd April "We will now proceed to undertake flow testing of the shallower SMD-B reservoir over the coming weeks. This is a zone which has previously been successfully tested on adjacent acreage to the north. We look forward to continuing to update shareholders on the progress of our Hickory-1 flow testing operations."
Additionally, the cavendish morning note, noted on the 2nd April that "well results expected in circa 10 days from 2nd April"
Thus just more attempts to spread negative lies, unless any of these so called helpers would like to direct me to the corporate announcement on the delay,.......no thought not!
RBO, Bull, it seems you're leaning towards the negative, but let's consider the positives. Why label anyone with a positive outlook as a 'ramper'? After all, rampers are those who artificially hype up a stock without reason. In the case of 88e, there are valid reasons to be optimistic:
1. Despite recent attempts to discredit the stock, it's only natural for it to see an upward trend after such attacks.
2. The significant increase in percentage today by Panr, as anticipated, demonstrates the potential speed of movement in our shares. We're currently operating at just 19% of our all-time market cap, yet we're making substantial progress. This suggests that positive developments could have a monumental impact at this crucial stage.
3. With a major update on 88e's Alaskan exploration imminent, we're on the brink of a significant development.
Considering these factors, it's clear that there are multiple catalysts for a rise in 88e's value. The recent surge in Panr serves only as a timely reminder to 88e shareholders of the potential ahead.
Well if you see the great rise today in PANR on the back of their RNS, imagine what might happen here if we show flowing oil next week, this could be huge. Actually with the road so close maybe we can just pump straight into the trucks, lol
Redbeard, do you have a short here, you seem to object to me placing facts here?
My post I placed that you seemed to object to,
"Looks like trade size is increasing, 2 back to back 3million buys @ .347 and .35 so buying now having an effect maybe."
Was indeed fact, and the 'buys now having an effect' seems to also have been proven as within minutes we jumped out of the range for a tick-up to 0.37 on the ask.
Honestly, I swear you people that like to come here and tell 88e shareholders how dire their stock is, when we have millions and millions in prospective resources, just flowed oil and are about to report on the SMD-B are just nasty. You really come across as those that like to watch others fail or get injured so that you gain an advantage, what nasty human beings you are when in reality there is more than enough to go round for all to enjoy, in-fact we should all be glad for each other, but you lot, well to be honest words fail me, but it seems to be the measure of people that exhibit extreme greed.