88E 0.00% 0.2¢ 88 energy limited

I agree with you; I wish I had done the same.After weeks of not...

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  1. 78 Posts.
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    I agree with you; I wish I had done the same.
    After weeks of not being abreast of anything 88e I today looked at the closing share price. 0.013....give me a break.The question is why.? A lot of reasons I think, but for one I'm fed up with misleading announcements, the lack of success given all of the technology available to mitigate failure, and comments such as Dave allegedly made at the recent AGM that "we are a small company." If we were a big company would that change the value of our holdings.?..I think not. We have something that the majors want.
    One Well, are they kidding. OK it might produce and the share price will reflect that success but two successful Wells would send the share price ballistic and begin to truly reflect the value of our holdings. Frankly, if management can only negotiate one well then its time to ask for their resignations.
    The highly anticipated FO by the end of the quarter is going to dilute us. ( I'm still deceiving myself it will increase the share price) At announcement a price of say 0.018 which "they" were able to hold for months leading up to Winx (funny that) we could probably stomach as the dilution reference price, but a share price at sub 0.013, well one can only guess. Whats apparent is that 88e has lost it's mojo, pending FO announcement or not, we're now the 88e no energy company. I was very supportive of management once believing that the history from the PB day's was worth a lot but now I don't think so. One can argue that the share price is not managements responsibility but it is and I think they should have presented a plan B to show those negotiating, and us, that we have viable options. What happens if at quarter end there is no announcement. We are told that terms have been agreed so like so many others I'll have to wait out the next 60 days to see if there is a plan that will return on my investment as I am sure many others do.

 
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