88 Energy Share Discussion Threads

[pro_s2009] 03/1/2020 11:41

1.33 to sell and 1.35 to buy.

Wont take too much buying pressure for this to pop back to 1.35/1.4 again

[pro_s2009] 03/1/2020 11:40

I was just pondering what might occur in the success case.

Would not be improbable that PMO make an "all share" offer for 88E. All share means no cash involved and so PMO can offer a better price.

88E directors get lovely big Golden Handshakes and of course, loads of PMO shares as well.

Got to be one of the scenarios that might occur. 88E shareholders benefit too, from a better take out price and also then remaining exposed to the upside with their new PMO shares.

[wolansm] 03/1/2020 11:08

I suspect mm are short of stock aimo off course

[pro_s2009] 03/1/2020 11:01

PMO will give a Trading and Operations update on 9th Jan.

So for sure imo, 88E will release an Operations update prior to that, then PMO can comment on latest Alaska operations on the 9th.

[pro_s2009] 03/1/2020 10:08

Slightly red or level today would be excellent. Pause for breath, keep the chartists happy.

We should get an operations update next week, so look forward to some media coverage of that.

[lgraham86] 03/1/2020 09:51

Might end up blue today

[lgraham86] 03/1/2020 09:17

Stacks of buying pressure today

[pro_s2009] 03/1/2020 09:16

There is the Golden Cross.........50 DMA up through the 200 DMA

[4sta] 03/1/2020 09:11

A 45k buy. There's confidence for you.

[4sta] 03/1/2020 08:38

Fear of missing out.

[pro_s2009] 03/1/2020 08:29

The chart (if go do into detail with technicals) is extremely informing, it basically says for quite some time on 88E there is no overhang and there are no dumping sellers.

Its pure demand driven and its why the price has to keep rising, to get sells to fill buys.

Its why 88E is damn exciting, any good news and this will skyrocket during drilling.

Obviously there are short term traders in the mix, stale bulls etc... and they are why we get backtests and consolidation periods during the rises. All healthy.

HHHL - Higher Highs, Higher Lows.

[atticusfinch1] 03/1/2020 08:25

Thanks Pro, BPC has been in my radar, and for reasons you mention I've not yet invested, also I've been watching the chart, looks like it's been consolidating for a break - although direction not known, so I've been watching closely.I'll be topping up on 88E for sure, watching this latest back test for entry, although fully aware with imminent spud, the window of opportunity could be short!!

[4sta] 03/1/2020 08:24

Doesn't seem to be any sellers though, just people using the opportunity to get in at this price.

[a2584728] 03/1/2020 08:20

Do read your own message before you press send.

[pro_s2009] 03/1/2020 08:19

0.26 Aussie cents is the pivot point on ASX.

Thats 1.38 pence. When the price gets up and over 1.38p and holds there on AIM and ASX then we are into the next wave upwards.

We might breach it and fall back a bit a few times - but when it breaks through that, we are off to the next level.

Beautiful Golden Cross on the chart, 50 punches hard through the 200.

[pro_s2009] 03/1/2020 08:16

Nothing goes up in a straight line, you have backtests, profit takers etc... you need to consolidate for strength of a rise.

As long as we keep getting higher highs and higher lows......all is good.

[zoro9791] 03/1/2020 08:15

As always. The real action is far away. It was a nice pump people let to belive by the resident pumpers thatvis going 2p.It won't way to many share has been issued the last couple of years.88e would need mega volume to get there.Obviously pumpers don't tell you that.Bromi and the co di this the last four years.He sells off any rise.Why would you post 20000 times for a so called long term hold.He is trading the hell out of this.Be careful.

[4sta] 03/1/2020 08:13

Has risen a heck of a lot in a short space of time. It is natural for it to take a step back and then consolidate imo.

[zoro9791] 03/1/2020 08:12

You keep saying that the last four years. Where is the 1 pound party.Mickey's runway,cherry on the cake ?Ring the bell? Globetrotters,gentleman club.Mega lol.

[bigsi2] 03/1/2020 08:11

Positive fundamentals aside- The last few trading sessions looked suspiciously like a pump

[zoro9791] 03/1/2020 08:09

Back under 1p. Bye same old.

[lgraham86] 03/1/2020 08:08

Profit takers mms playing games maybe

[bmwman3] 03/1/2020 08:08

No reason for this drop whatsoever!

[lgraham86] 03/1/2020 07:45

See what the opening bell says