88E 0.00% 0.2¢ 88 energy limited

Ann: Project Peregrine Farmout Executed, page-12

  1. 1,082 Posts.
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    Firstly I would like to say that long term holders have very little faith in DW and this company.
    He and his team have yet to drill in the right place.
    He is however an incredible salesman to keep finding investors for credit raising purposes and here once again he has pulled another $11.3 million out of nowhere.
    The sp will most probably go to 0.9c in the near term at which time DW will do another CR to raise the other funds to finish drilling.
    Being that they cannot do much until the summer months (which are getting longer due to global warming) I would expect another cr before march.
    Also beware if you are a novice trader as trying to day trade or st- trade this stock is not easy.

    Please DYOR



    Last edited by Palm Frond: 04/12/20
 
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