Member Info for V111JAS

Some great posts on herec today ~ ( With the odd exception ! ) ~ Thanks Guys and GL .

Waussie ~ Has DW `s front lawn been winterised yet ?

Indeed , another disappointing day .
Sad to see PI`s giving up or being forced out , I suspect there will be some serious regrets .
`Think Year End NOT Week End `.
GLA

GVH ~ Yes , that might well be the case here , but that is exactly the sort of activity that makes this lot such a scourge in the wider scheme of things . For example ; recently another bunch of spivs were forced to clear out their holding of a stock in which I was unfortunately invested .
In that case it was because investors in that Hedge fund had lost confidence and they wanted their money out . Because the Hedge fund was overextended they were forced sellers . They had six weeks to comply with investors requests . It really damaged the Company , which about a year later is just starting to recover .
~~~ There are several different rule books for the casino !

I have to say that I thoroughly despise the activities of these Hedge funds , who , so often by dishonourable means find a source of inside information before it becomes generally known . In this case , having raided the cellar at below sale prices , they are clearly banking a profit on a short term perspective .
Not withstanding the pain of the current share price , I would rather take the heat until these Spivs have completely exited this stock .
With a bit of luck the CC will not be dismissed until they have completely cleared out .
Then , I hope that DP will start to release all the pent up information regarding partnerships , progress , and deals that we are patiently waiting for .
It`s hot in the kitchen at the moment , but the feast will be well worth waiting for !
VGLA ~ Investors .

I really don`t understand why so many of you seem to be urgently seeking alternatives to EQT .
Whenever I have some spare cash , I have a failsafe opportunity ~~~
At this undervalued 2p / 3p price ~~~ more EQT !

Muscat : That makes sense to me .
I think the tangible value here is the huge acreage , which could be attractive to a much bigger established operator .
IF , they do hit the black stuff , that value will soar and I doubt that 88e will remain independent for long after .
The vacancy that DW leaves is likely to accelerate directional change .
It`s going to be interesting to find out who might be running to replace DW ~ only a couple of months or so .
GLA .

Good effort Cricketman !

~ Long suffering 88e investors .
Although I sold all my shares a couple of years ago , I never cancelled my association with the Company and kept receiving updates while watching events from the corner of my eye .
Foolish , Greedy , Curious , or just hopeful that I might recover some lost capital ; THIS time I`m not betting the Farm but I have taken a very small position today so that I can at least join the excitement if at last we hit the black stuff !
I`m not surprised to see DW resign , I really hope he gets some credit with a successful drill before he moves on . Sadly it has been a disappointing investment over the years , there seems to have been little progress other than the acquisition of even more and more acreage .
I`m not sure of the thinking behind that , but I suppose if one drill is successful the value of the total acreage will rocket .
Hopefully DW`s persistence will be rewarded this time .
Although there are many new faces here , I see that there is still a hard core of investors who I recognise have been here over the last five years or so , Hopefully your loyalty and commitment will also be rewarded .
GLA .

More than likely Slappy .
We`ll get there !

It`s a lot easier to think logically about a Company when the market is closed and you are not emotionally attached to any immediate rise or fall in the share price !
Disappointing as the recent drift has been , nothing as far as I am aware has changed , other than positive information provided by RNS . Following the stellar rise in the Summer it is inevitable that some (Who probably bought Millions of shares ) would naturally wish to book a profit . This is especially relevant in the context of recent CGT discussion and the end of year Tax situation looming in April . Equally there will be some who bought at the top of of the cycle who have been unnerved and in selling out have compounded a domino dump effect .
The rise might have been too far too fast , equally the fall may be overly exaggerated .
Complicating the situation has been the huge interest in the Company , but frustrated by this CC and the tantalising wait for confirmation some partnership arrangement which would underwrite the financial credibility of the Company .
I remain totally committed to this enterprise . IF there is to be some CR it will surely be around this current price point , and once completed , no doubt for value enhancing reasons , I believe the sp will start to shoot back up .
IF there is to be a CR it is likely to be fully underwriten , oversubscribed , and will offer current shareholders a `Last Chance To Buy` at a price which will surely be a distant memory by the end of the year .
This company has a very low Mkt Cap which is widely out of line with it`s peer group and future potential .
Whatever is going on , this turbulence will most certainly pass , we just have to remain patient while DP manages this unique opportunity . I have every confidence in his leadership .
VGLA .

MM`s are quite clearly operating to a determined game plan and , as usual are always well ahead of events in the public domain . Disappointing as it may be , I`m also begining to think a CR may be in the pipeline .
If so , it will almost certainly be for a very specific value enhancing reason and once the detail becomes available the sp is almost certain to resume an upward (perhaps much accelerated ) trend .
GLA .

M F U : I also think that is exactly why volumes have been smaller and why we have been drifting .
* News could reverse this situation at any moment .
* News is due on many fronts .
* At these levels there is a danger of some unwanted approach .
* Dismissal of that opportunistic CC will open the Huge USA market .
* I am very confident that Woody and/or ANOther strong financial partnership will materialise ~ soon .
BUT ~
`Think Year End NOT Week End ` .
VGLA

The 2 x 5 Million looks like a rollover to me .
Dangerous game that !

Probably aandi could further enlighten us on this issue ?

As I understand ~ Yes ~ but I`m not 100% certain about that .
It is a very interesting issue , because the used tyre problem is absolutely enormous .
All sorts of ideas have been adopted to try to dispose of these tyre mountains , I would have thought this would be another invaluable plus point for EQT , but not sure if it`s on the priority list as yet .

Good post Simms ! ~~~ But ;
* Yes , we do need confirmation of all and more , of the news flow that we believe is in the pipeline .
* Just my opinion you`re selling yourself short at 10p by EOY .
* BUT ~~~ You echo my own concerns that this project is so needed , so necessary , so relevant at this time and so proven , that some entity with deep pockets will just gobble us up for a pittance ~~~ and that might be your 10p :(

I really hope that DP will be able to bring this unique project to fruition , surely that could be obtained if he can sign up a few supportive Global partnerships .
Fwiw ~~~ I think this damn CC may be holding immediate up progress . Hopefully not much longer now .
GLA .

~~~ up the sleeve of the crooked Croupiers ?

It`s a bent game , but you have to play to win ;))

Yes , the Spivs have realised that it`s probably safe to place their bets in the Casino now .
The pesky MM`s have played a blinder today spinning the wheel backwards , and shuffling their marked cards !
All good for us peasants , as developments continue and Sales revenue is confirmed , they will have to start playing with a straight deck .
Hopefully we should start to see the begining of a share price renaissance this week .
GL .

Some may perhaps be disappointed in the recent share price drift .
It should be remembered that last summer the SP was under .05p , at that time , some of those with fore sight , funds and bravery purchased many millions of shares . Today , realising a profit of a part of their holding , for many , many reasons (you can imagine if you were in that position!) makes perfect sense dependent on your personnel circumstances . Especially when you would probably still be left with a holding in the Millions !
When confirmation of financial close / Partnerships and dismissal of that CC , etc ~ does occur , I would imagine II`s will then be falling over themselves to grab a stake . It will be at that stage shares will be very much in short supply , any selling will immediately be absorbed with a consequential dramatic rise in demand and of course price .
For those reasons , the short term price is irrelevant , and it is almost impossible to guess the year end price . (But it`s certainly fun !)
All that CAN be guaranteed is that it will be much higher than today !
GLA .