88E 0.00% 0.2¢ 88 energy limited

Ann: Non-Renounceable Rights Issue, page-72

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  1. 868 Posts.
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    Everybody is so sour we're needing more cash...short sighted imo. Beats the co just sitting on its hands. Im glad dw has spent as he has and in a booming oil mkt.

    We've got driiling as part of the consortium in Feb (cash needed but look at potential upside). Tick there.
    Sown up land and hydro carbon rights to new land that holds great porential. Tick there.
    Suring up our ledger for upcoming farmouts, (put simply, smart). Tick there.

    This time next month there will be a very different tone buzzing the threads...and a few red faces me thinks. Should they get in at .17 before then, then just watch their tone suddenly change lol.

    Looking at todays close and so far on lse. Sky hasnt fallen, in fact is above where i figured it may have gone! The kicker will come when news of dw and directors taking up a large part of this deal seaps in, in late October. As far as im aware they havent been able to buy at market for sometime?

    Till then beware of the wolf in sheeps clothing! The HRZ has left some holders uncertain. What we're approaching with the conventional is a long time coming and spread over many blocks. One final raise is just the price to pay for progress. Simple.

    Gltah
 
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