Ann: Wireline Logging Results and Forward Program at Merlin-2, page-84

Wow how personally toxic this forum has become with all these comments from after the event so called experts (mainly the non holders), time to move on I say. Seriously embarrassing yourselves.

Holders are not the issue with 88 whether holding or selling, it's always been the left over team imo after PB departed and their poor decisions they constantly make which imo resulted in almost all these failures.

Personally it's not a massive issue as investors can make serious money from the lead up to drill and even during the aftermath of panic when failure happens - Fact.

Those that still hold some until next year like myself will enjoy 50% CGT and imo take advantage of this aftermath, accumulate when SP 1-1.5c. Reduced one's average to current SP, SP will fluctuate in the 2's for most of coming months with the odd spike and retrace. So guys wipe your tears away, focus and grow a set.

Last year prior to spudding M1 everyone said the same thing, attacked holders, dog of a company, run like a ponzi scheme, SOI 12 billions shares, etc etc. Fact is most like me bought heaps at 0.008 when most running away, sold 18 million shares when this boomed beyond any common sense. Huge profits made!.

So while the hero's have now crawled out like lawn beatles and attack holders on here, remember this cycle will continue and I couldn't care less whether they find oil or not. Money will be made. This company will never ever produce we all know that. One decent well find and the for sale sign goes up, profits for all and if failure happens can still make profits leading up to TD.

IMO I don't hear the drilling team, the paid company flag bearer (next investors), high profile SI's and the inside "ol boys" LSE club complaining who milk this cycle every year, as imo the company always protects these big investors and release the PA news before the ASX. Last year US got it, this year UK and from memory can't recall ASX getting priority. The T20 mainly are overseas identities. These big investment houses always take priority imo. That's just the way it goes when listed in 4 countries and that's why this company swings out of control with out of touch MC which throws all logic, fundamentals and common sense out the window. 88 is unique, love them or hate them, this is cyclic machine.

Do I like the structure - no, do I like what decisions they make - no, do I like the massive dilution here - no. etc etc... But do I make money here - yes!!. It's just the way it is, just have to accept it as 80% easily held by the big guys here and they love 88 and the $$$$$... No one will ever change this...

SOI is massive over 16 billion and really no ones cares each and every year prior to spudding millions of shares trade and only gets the negatives and panic when another failure, PA. But everyone comes back for more lol....

So my point to non holders move on, those that hold or intend to hold, accumulate, average down and money will again be made for those who listen, learn and execute a plan, simple as that.