88E

0.00%

0.2¢ 88 energy limited

Well done M! Your post has grabbed no 2 most viewed spot on...

First 45 Last

Share
Profile

Follow
YourDudliness

5,617 Posts.

1478

06/09/16

06:32

Post #: 18949473
Share

Originally posted by m8te ↑

OK I'm going to lay out how I've seen the SP played out last few weeks.

People that bought into 88E had the following expectations:

- Holy snot! the SP are low at 3.1c I'm going to buy in as it is undervalue and will make a fortune when announcement coming at the end of the month.
- SP hits 3.5 and people were thinking what's 88E cooking there
- SP hits 4 and people start thinking there's got be a farm out coming in
- SP hits 4.5 and people we thinking that guy is buying so I'm going to buy it too
- SP hits 5 and people starts to dream of Lamborghini
- SP hits 5.5 and people actually starting to order a Lamborghini
- SP hits 6.0 FOMO

Today's announcement (Preliminary 2D Seismic Result) - Explanation in plain english...

Sorry folks, we've been working flat-out analyzing the 3D seismic acquired in 2015 showing promising results but we can't release it yet until we completed our analysis with the 2D data we bought this year 2016. We will release the result in 5-8 weeks (this is my guess).

People's thought and action after announcement:

- SP 6 and the people were thinking the hell I have to wait another 5-8 weeks to find out about the result? I'm selling!
- SP 5.5 it dropped so quick that these guys couldn't cancel their Lamborghini order on time to come and sell their shares
- SP 5.0 I'll settle with a Toyota for now
- SP 4.5 DTT and STT queing up to scooping up the weak hands that got shaken off the tree as they knew the price will go back up in a few weeks time.

So in simple truth, the announcement were good. It was just a formal announcement to say we need more time to analyse and produce accurate information (unlike some village idiots on this forum throwing out missed informed figures around) before releasing it. But for now, here are our plans:

Activity Planned
• 2D processing and interpretation of 2D/3D extracts
• Assess conventional resource potential
• Farm-out Icewine#2 (if accretive)
• Spud Icewine #2 vertical well (with multi-stage stimulation) HRZ / HUE Production Test

So back to square one. We're still waiting for the 2D/3D interpretations. Those that have sold today will most likely regret selling as they will most certainly will need to pay higher in a few weeks time.

DYOR everything expressed here are IMO.

Expand

Well done M! Your post has grabbed no 2 most viewed spot on front page of HC! Cheers

88E Price at posting: 4.6¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

IMU

Imugene kicks off Australian trial for blood cancer treatment

Trump is President Again: What Does This Mean for Crypto?

UBI

Universal Biosensors flat despite fresh deal with US medical product distributor

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

HotCopper Highlights: Your most watched and most discussed stocks this week

MMI

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

FG1

Flynn Gold reaches milestone exploration target for Golden Ridge

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

First 45 Last

Add 88E (ASX) to my watchlist

(20min delay)
Last 0.2¢		Change 0.000(0.00%)		Mkt cap ! $57.86M

Open	High	Low	Value	Volume
0.2¢	0.2¢	0.1¢	$27.03K	13.91M

Buyers (Bids)

No.	Vol.	Price($)
359	956509315	0.1¢

Sellers (Offers)

Price($)	Vol.	No.
0.2¢	8325743	6

View Market Depth

No.	Vol.	Price($)
358	936509315	0.001
0	0	0.000
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.002	8325743	6
0.003	493941985	193
0.004	168905220	91
0.005	54012754	44
0.006	44647800	32

Last trade - 14.55pm 08/11/2024 (20 minute delay)

88E (ASX) Chart

Well done M! Your post has grabbed no 2 most viewed spot on...

Imugene kicks off Australian trial for blood cancer treatment

Trump is President Again: What Does This Mean for Crypto?

Universal Biosensors flat despite fresh deal with US medical product distributor

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

HotCopper Highlights: Your most watched and most discussed stocks this week

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

Flynn Gold reaches milestone exploration target for Golden Ridge

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Well done M! Your post has grabbed no 2 most viewed spot on...

Top Stories

Imugene kicks off Australian trial for blood cancer treatment

Trump is President Again: What Does This Mean for Crypto?

Universal Biosensors flat despite fresh deal with US medical product distributor

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

HotCopper Highlights: Your most watched and most discussed stocks this week

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

Flynn Gold reaches milestone exploration target for Golden Ridge

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News