88E 33.3% 0.2¢ 88 energy limited

LSE tonight, page-6300

  1. 1,021 Posts.
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    I am not concerned as it seems to be repeating the same sell off that occurred during Icewine #1

    During December 2015 the price was sitting around a .9/1.1 cent range when this positive announcement was released

    29/12/15 - Final drilling update

    http://clients3.weblink.com.au/clients/_88energy/headline.aspx?headlineid=6747985

    Then for no reason there was a sell down as low as .6/.7 of a cent throughout January even though there was what I thought were other positive announcements as the core analysis occurred (a decrease of around 30%)

    It wasn't until the 10th of February announcement of the HRZ being further derisked that the price increased past the completion of drilling closing price in December. Hindsight is great but those that feared leaks missed out big time. Approximately a 1300% gain as it passed 8 cents from the lows of .6 of a cent in January.
 
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