Member Info for taximan57

CheckOut well chosen timescales, but what about 2 yrs? PANR down 75%, what is happening with this share and when will the rot stop? Dilution due very soon I think to cover debt.

Rabito, not a board for 88E shareholders?

I will have a read, just not today.

No

Rabito, I was just reflecting on the bad points, similar to PANR posters over here.

I do see the point you are making, however I still think 88E would be the better option for outside parties.

Chrisev1, I didn't want to repeat the PANR crew, it was bad service all round from people who had no reason to be here.

Thank you Brombarb,I knew I'd seen it somewhere. I still think it will be raised but if no decision can be made that's fine for another year.

'Highly volatile share price over the past 3 months

Makes less than $1m in revenue ($362k)

Earnings have declined by 54% per year over the last 5 years

Shareholders have been diluted in the past year'

That's about $62M in debt after 3 years @122%pa

I see PANR are down by 13% in a week and their net losses up by 261% since last year. And the next three years they expect to increase those losses year on year by 122%. Someone asked earlier why would someone choose 88E over PANR, I think this says it all, well almost all as they still have debt to pay back or dilution to cover it. :)

Apologies to 88E holders, just returning the favour.

From munnietorx 'is it the full stops that are dramatic, or the extra circa 4 billion shares from the capital raise hitting the market at 8am that is dramatic'

I cant imagine the sophisticated being happy with a drop so soon after the raise, which might be why they were selling before they even had them in their hands imo

Wasn't there a shout yesterday about circa 4B shares hitting at 8am and watch the drop? Didn't happen. Unless sharebell was right and they had sold them already ;)

Skippy, that was always my thoughts, however it has been pointed out many times to me that this is a simplistic view. You may consolidate 1/1000 but the share price rarely matches the multiplication. I personally dont care if we reach 50B or more if the company turns a corner.

BromBarb, thanks for the instructions, I have contacted my broker to ask how to vote on the resolutions. I hope that they will send a form or make it as simple as possible.

As for consolidation, without trolling through multiple posts I am sure that AG said they would discuss it at the AGM as a number of people had raised it with them. It may not be a resolution but I hope they at least reference it.

Kelladee, not my desire but I think it's inevitable, and if so I would rather sooner than later. Clear the air and hit bottom so we can work on a better average

I think that gives us 28.9B shares, not quite the 100B mentioned on here, fully funded for more than 12 months, next Namibia payment paid, and income from Longhorn. All we need now is a buddy with deep pockets, for Leonis and Phoenix.

Consolidation may be next but lets do it sooner rather than later. AGM decision.

Nice one Mad

MadEnglish, yes I do recall that but thought they would end up with 8%. Still puts them 3rd largest shareholder.

Robert Bose, principal at Charlestown Capital Advisors in New York City is also president of Sintana Energy which might explain your comment.

Chevron also bought into offshore lease belonging to Challenger Energy (CEG) in Uruguay so there are companies out there still prepared to invest in leases.

Older, it was not my intention to doubt you, it is just that you said a similar thing a week or two ago to me when I said it was up 25% (I think). You pointed out that is was only at the very end of the day trading. If it happens again it's a pattern.

Older, are you suggesting under hand tactics is the reason 88E jumped at the end of trading? Is that the only reason it can jump?