88 Energy Share Discussion Threads

[lgraham86] 02/1/2020 06:13

Up 13.5% In Aussie land , lets hope we can follow them in the batting

[pro_s2009] 02/1/2020 01:24

Thanks to excitable2 over at HC - for the chartists out there, the next gap closes at 1.66p

[lgraham86] 01/1/2020 16:27

Be buzzing for another blue day tomorrow, maybe see little bit of profit taking though we shall see . Hopefully not

[ileeman] 01/1/2020 12:51

Major break above 1.15p-1.2p, might backtest first but should see 1.5p near term and higher into drill spud.

[joey wilson] 01/1/2020 10:13

Whats not to like here. Happy New Year.

[pro_s2009] 01/1/2020 00:36

Yes, around 8% new shares issued in a fundraising September 19 and circa 10% issued Nov 18.

They still have a net 5m US$ to come in from the tax rebates which should occur in Q1 which will further boost their cash position.

So if you say 4p minus 25% then you get 3p.

But the company is in a better position now than then - with a high grade farm in partner - excellent appraisal well with exploration upside to come. Thats why I feel 2.5p to 3p pre spud range is fine and just puts 88E back to where it was when it had worse prospects back then at 4p levels.

Every bad share is a bad share until they come good, and every good share is good until it goes bad. The past is no reflection of the future. Stock markets value the future only, they dont give a flying flamingo about the past - and 88E will be valued based on the 7 conventional targets and 1 unconventional target to be drilled in Charlie-1, very soon.

The success upside is staggering - the COS for some targets is very high - and there are 8 targets in total.

We will also get, under ASX reporting requirements, all major news released as the drill progresses - ASX demands constant release of material news.........so unlike any AIM only stock where you get a spud and then a results RNS.........with 88E, as they are operator and so report under ASX rules - you will have constant disclosure......which means a load of RNS once they start entering the targets.

.

[zoro9791] 31/12/2019 22:23

Agree. Brom,Mickey,Aberdeenmam,TimO and a the co.The big Globetrotters.BS.Since 2016 billions of shares have been issued just to keep DW and co alive.

[joey wilson] 31/12/2019 18:33

Have the shares been dilluted since it was 4p ?

[lgraham86] 31/12/2019 16:51

It aint 4p now though is it lol plenty left in this yet for good gains bud

[lgraham86] 31/12/2019 14:02

Happy new year all ... lets hope 2020 is a big year for us

[pro_s2009] 31/12/2019 12:38

65m volume in half a day. Now into the New Year we go, with what is one of the worlds biggest drills in 2020 due to spud in Feb.

Appraisal drill, Torok formation contains oil, excellent 3D/Inversion, PMO on board and excited....

Happy New Year all !!!

[patio58] 31/12/2019 11:58

Remember there is a brokers note of up to 47p if all targets are met which is a 36 bagger from here.

[lgraham86] 31/12/2019 11:55

Cheers mate not exactly sure which one just had a timeline and name of the spuds that site looks decent though thanks

[pro_s2009] 31/12/2019 11:44

LGraham86, which timeline is it your looking for.

If its something posted up it might be on the Wiki page ?



Else let me know exactly what you want and I will try to find it.

[pro_s2009] 31/12/2019 11:42

Good volume again, nearly passed yesterdays full day volume.

[lgraham86] 31/12/2019 11:41

Pro where is that time line of drills you posted up bud?Ive got one but it wasnt as indepth as yours

[pro_s2009] 31/12/2019 11:18

Greed.......the deadly sin......all I can say is, when you want to take profit, take it. Nobody ever lost money taking profits.

But you have to speculate to accumulate, so if want to take the risk for higher rewards, you have to hold - ultimately its your choice, you'll never feel as bad about taking a profit and seeing a share price rise, as you feel if you lose a profit and make a loss.

Enjoy the ride and whatever your decision, to hold, to sell, to sell some - hope you make some good returns :)