88E 0.00% 0.2¢ 88 energy limited

Ann: Half Yearly Report and Accounts, page-17

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  1. 1,167 Posts.
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    I think if we get another CR then that will be the tipping point for quite a few to give up on 88e.
    We would be getting up around 6 Billion shares which is just rediculous for a company that is not making any money. You would have to start thinking about the dreaded consolidation (despite the fact Dave has mentioned not in favour of doing) and without solid revenue raising results i would be thinking that we are purely providing a lifestyle for the directors of this company.
    I have been here since 2015 and watched the company get diluted to hell, seen a lot of money wasted on the unconventional that had it been spent on conventional the company would probably have a lot less shares, a lot more money in the bank and a healthy share price.
    We seem to be just dragging out and dragging out. Its time to finish the 3d, farm out multiple spots of conventional, make some money, boost the share price and then spend some profits chasing Pauls unconventional dream.
    The days of us getting filthy rich off 88e are gone, now its about making a nice profit and moving on.
    I still believe it can be done but with the amout of money being spent we need to see some certainty and less of the pipe dreams.
 
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