George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Oh my sides, .....
seems simmering scot doesn't like the reality here, maybe I'll remind him later, but unlike yourself and your buddy OlderWiser, I shall only remind you of the dilution once for each 20 million of shares that are raised.
On that basis simmering, I should only have to remind you around 40-50 times, lol about 1/10th the combined number of posts you simmering and your buddy Older has placed on the 88e board in the last 30 days.
Enjoy the 944 million shares here, soon to be doubled.
"Did you warn people on the Panr board about buying in at 130p ? But the knights in shining armour are here to save people from 88e "
Such a strong argument, of course not, he is no white knight, he doesn't do this for protection of others, the above absolutely shows that, he is here for a shorting attack, simple and end of.
"All the shorts fill the boards with false dilution rumors"
there is nothing false about the levels of dilution that are coming here, anything up to approx. 1 billion shares additional which would be a $250m raise with the 100 million bond shares. That is only taking into account a 10% discount to the prevailing SP, if others are to be believed (20-40% discount) then the dilution here will be fierce, personally I do not see that percentage discount unless some left field event.
No doubt at all though imo dilution is coming, the only question is the level of that dilution.
Bottom line, I'll not be arguing with OlderWiser any longer, the reveal as regards his agenda here is now crystal clear, a charlatan, a fraud, a shorter, these facts are obvious to all, in this regard he will not change.
Unfortunately for us though is that he has been backed by several others from the Panr board who seem hell bent on ensuring 88e do not succeed, why? well again that can only be due to financial success for them if it doesn't. Do they mentally think if you're not in 88e you might go to Panr, lol I wouldn't buy Panr on just principle alone after this, there are many other investments thanks. Importantly, what is disappointing for me is the company's own silence to defend itself. 88e is I am sure aware of what's going on here, if they are not then that in itself is poor.
The presentation is good but leaving this 4 barrel nonsense unresolved by just stating refer to RNS is poor support of their shareholders and is not good enough, they should have been straight onto proactives immediately after the 2nd RNS and explained what I believe to be as previously posted, they were only here for the flow test not collection of oil and in that regard it flowed.
88e do themselves no favours, their duty to support the share price should be paramount as that is what will ultimately determine the price of the next financing, its a shame they are not so supportive of the shareholder. When a shorting attack happens, unfortunately truth does not just reveal itself, it is for the company to stand up and show the truth. In this regard its a disappointment that they think just another presentation will do it. I shall top up after the next placing then place them away for the next couple of years.
"Producibility" in the context of oil and gas exploration and production refers to the ability of a reservoir to produce hydrocarbons (oil and gas) at commercially viable rates and volumes under existing technological and economic conditions. This concept encompasses several factors:
Reservoir Characteristics: The physical properties of the reservoir rock, such as porosity and permeability, which affect the ability of fluids to flow through the rock matrix.
Reservoir Fluid Properties: The type and characteristics of the fluids (oil, gas, and water) within the reservoir. Viscosity, pressure, and phase behavior of the fluids can influence producibility.
Technological Factors: The available technology for drilling, completing, and stimulating the well to maximize recovery. Advances in technology can turn previously unproductive reservoirs into producible ones.
Economic Factors: The costs of development, production, and processing must be offset by the income from selling the hydrocarbons. Economic producibility can change with market conditions, such as fluctuations in oil and gas prices.
Regulatory and Environmental Factors: Legal and environmental regulations can also affect whether a reservoir can be developed and produced. For instance, areas with stringent environmental protections may not be viable for production despite having substantial hydrocarbon resources.
In summary, producibility assesses whether a reservoir can produce sufficient quantities of hydrocarbons to make the investment worthwhile under the constraints of technology, economics, and regulations. It's a key metric in determining the feasibility of developing a new field or continuing to operate an existing one.
Don't even bother arguing with OlderWiser. It is clear as day (and night in his case) that he is short here, he is a charlatan, the facts are irrefutable, the unbelievable number of hours he has put into this campaign (if it is just the one of him) is remarkable, as is his ability to spot when investors are at their most nervous, have you noted how even though he now has over 270 posts in the last 30 days over 10 times that of Panr, he also has multiples on Hotcopper and has increased the regularity of posts to up the FUD.
Indeed there is no point in arguing as even if a third party assessment gives us a thumbs up he will maintain it can't flow, he will always revert to 4 barrels and nothing will change any of this other than him closing his short or finding out that perhaps he is not anonymous on these boards.
"That's if they can get the rigs and workforce to do so in remote Alaska when other companies have other projects requiring a short supply of suitable Arctic ready rigs."
Pretty handy then that 88e are on the main highway! and very close to the TAP.
"There are more people deramping on here than the gang on QBT"
Lol and weirdly most are from Panr forum, infact some of them are panr holders but hardly post on it, they save all for de-ramping on here instead, strange folk eh!
DrMicho, yes quite likely and it could be large, all depends on if they get financing, but having already lost one contender and now only one left in the ring, chance of a placing is high and the lower this price drops the lower the placing and likely the discount achieved to get one away.
PANR 10.08. Scot I'll just try again shall I, without calling you a liar, just call you a charlatan instead eh, slightly more accurate!
"
"Quote to me in my post-webinar content where I have stated PANR is negotiating with more than one OFS firm? You can't because I wrote no such thing. I deal in facts, and happily so. You do not."
Perhaps it is you that has problem with understanding, perhaps you need to first quote to me where I said you did?"
Not particularly looking forward to your reply as it will be full of it and verbose no doubt.
Reminders just sent to 152 recipients
Subject: Chapter 15 - Seize the EOR and CCS Opportunity - Final LOI deadline dates
Dear Sir
Final reminder that the Letter of Intent deadline is tomorrow. No further reminders will be sent. I appreciate your time.
The data room is now open for access. Please contact Jason Knight, Managing Director. KSV Advisory Inc at jknight@ksvadvisory.com track the CCAA and Chapter 15 proceedings at https://www.ksvadvisory.com/experience/case/canadian-overseas-petroleum.
Due diligence period may be extended to 2nd May by submitting an LOI by 17th April, without any commitment at this stage.
Key dates:
LOI deadline: 17th April
Qualified bid Deadline: 2nd May
Notice of Auction: 6th May
Auction: 8th May
Skippy, this is why I stated the other day
- correct and from what I read it flowed very well and the small number of barrels collected can be understood by the fact that they were still cleaning up the well. thus they were concerned with how well it flows, not how much oil they could get, as they have already stated,
"Some 70% of stimulation fluid had been recovered at the conclusion of the test at which time water salinity measurements indicated that stimulation fluid was still being recovered and the well was still cleaning up. Oil cut would be expected to improve once stimulation fluid was fully recovered."
The collection of oil was imo unimportant the test was to understand the flow rate, not to be in oil production, they achieved this but in doing so they were still cleaning up once this question was answered.
Unfortunately it has provided ammunition for the two trolls to jump on, bit of an own goal by the company, they should really spend more time on their RNS's and understand how each word, sentence and paragraph will be disseminated by those that seek to use it for their nefarious aims.