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ASX
Bids: .12
Ask: .001
Folks this is still good for the long term obv their will be a big sell off cos everyone was expecting smth else.
To give you an idea of the technical side of things
We been going up straight up for few days without too much of a floor or consolidation
We got .07 and .06 as supports but I highly doubt they hold if not then I see us dropping back to .02-.03 which is right around the mean and the 50DMA
How long will it takes to drop from .08 to .02-.03 that I'm not too sure about
Obv if you trying to get cheap shares then you finally get your wish tomorrow
GTLA
Man you guys are crazy LOL
The other dude talking about they hacked the website man this is too much LMAO
Here is official website bro: https://88energy.com/announcements/
Up to you
They have d/m/y not like USA
Bro the people saying this is fake news :DD
Yall crazy here is official website man its not fake news: https://88energy.com/announcements/
Power hour into .10 brake very possible
Personally I am not sure if this was planned but I def prefer the big prs to come out now compared to if they dropped them last month!
They woulda been wasted cos everything was tanking.
Mms manipulation was too much, companies go pink and their price goes red.
Gone we all know whats next, .032 that's what
Its like a final boss, mms scrambling!
You brake that aint nothing stopping this thing
Gone.028 next
Lets brake that .025
Man we held through the highs and lows its time diamond hands get rewarded, April about to be epic not just INND but market and OTC in general.
Look at the boomer stocks they flyin too
All indices rallying! DOW, NASDAq,S&P all up 1% sheesh!
Def could see it hitting .10 EOD
Hold tight folks we making new highs
Expecting news today's AH too lets eat!
Well if your gona use 3 wells then its a different calculation
Honestly man I don't know how high this thing can go I wouldn't be surprised if we make an MDMP run cos theirs tons of eyes on this.
Should be a fun week good luck folks
88 gets half of $60 and after fee to Alaska (17%) I think around $20-$25 gross revenue.
Profit prob somewhere around $12.5 per barrel.
Using 12.5b shares
Comes out .5-$1 which again I think is very realistic
With 50 cents to dollar based off how many barrels they found.
But targets like $6 or $8.5 as you mentioned is absurdly high
Again we are not a production company but an exploration company therefore $60 per barrel market price can't be used here
Don't use $60 in your math it should be like $3 per barrel.
This is an exploration company my man not a production company you can't use market price
Which is why this article: https://insiderfinancial.com/88-energy-eeenf-nickels-dimes-quarters-dollars/181219/
Is a bit misleading
For me anywhere between .15-.50 is very realstic, if it reaches a $1 its unlikely, but wouldn't be surprised based off hype and fomo, but $6... Come on lads we gotta chill a little bit and not spread misinformation.
A buyout however, then its a different ball game and easy multi dollars that's for sure.
Yall feel it in the air?
Suspense!
The world is watching!
Will 88 release news today or tomorrow? Will found out soon enough folks.
We rdy brotha we rdy
Folks regardless of results from Merlin
Theres other wells/locations this is a big deal for longs.
Buyout = multidollars
Listen to this man when mms scare you and shake your loose hands come back to voodoo he has no problem refreshing your dd
This the type of energy I need boys les go
OS won't mean nothing when oil news and hype come in
I will comeback for this lotto as soon as am done with EEENF
Need my 1m shares that boy t53 don't miss
Watch out tho this stock is real thin can pop any minute
If you bought in right here (almost 5 straight days of 90+ RSI) I can see why your pissed at Matty boy
Fact of the matter, this stock still up 200x since beginning of this year
But no worries if you bought at the peak, you might be down now but if you did your DD you know in the long run this is an easy 1000x type of play just look at the long run my friends fair enough?
Potential buyback 2022 need I say more?
I mean what a gem you boys have over here
Well sitting on trend with exiting oil discoveries before it
Insider buying
All results so far are great
The longs also have more wells in store and potential buyback which would send this in the multi dollars for sure
Hopefully Sunday/Monday oil news comes out will send this thing blasting
If people knew how to DD they wouldn't be worried.
So many emotional people short sighted selling now and missing on 1000x+ gains.
Don't let mms scare you, we will squeeze em trust your DD
When news of oil comes out, OS won't mean anything with all the hype and fomo this thing will run.
These guys are talking about millions of barrels.
Anywhere between .20-$1 is super realistic in my opinion.
And this is only Merlin... Crazy...
Theirs other wells/locations as well as buy back down the line.
I know what am doing once I am done with EEENF
Let the mms keep playing and holding this down and I will accumulate fair enough?
Even with this "dip" if you look at the gains and gap ups we been making past 2 weeks the fact that the chart held it self is a thing of beauty
This little dip was for those who still want a piece welcome new hands
Anything under .10 is cheap, I know most folks got in around .01-.02 range, theres billions of dollars in oil to be made with future wells to be drilled, you can guarantee a buyout is in order = multi dollars
"88 Energy expects next Merlin well results over the weekend"
And now we wait fair enough?
Folks look at the volume!
Stop worrying about flippers!
This type of volume means we all eat!
Longs and flippers together!
These type of numbers feed my bias
THIS IS JUST 1 WELL.... Crazy folks think .2-.5 max...
Buyout = multi dollars look at the long term folks
Yes my brotha we seeing big boy buys, more than ihub money that's for sure, follow the money I say!
I am a simple man I see dip I load especially before a long weekend where wire logging results are expected
People that joined after pennyland are salty but forget that this stock is still up since the run from trips and sub penny...
We been getting pounded by mms but still up 200x since .0001...
Fact of the matter, price doesn't matter now, come back in 6 months-1 year ATLEAST!
Jordan is a trustable guy, pretty sure that SS is not a fake.
Hopefully yall loaded under the EMA
"88 Energy expects next Merlin well results “over the weekend”"
And now we wait
Whole market got killed on March, not just OTC boomer stocks too, and its a known month for sell offs for the tax season.
People were just hyped about stimi checks thinking everything will run again in March but it takes time.
April is the real month my friend, March was a discount to accumulate, once summer hits and everyone getting out and spending, ain't nothing stopping market
I love me some April time
Overall market is rebounding
OTC will follow shortly after, they gave us a firesale the last 2 months, hopefully you loaded the dips, let the boomer stocks have some fun, but OTC will outpace the boomers once market goes on another epic bull run again
Surf spitting facts here
Don't let mms scare you, you did the DD you know the real price of this in the long term
MMS CAN"T SHORT FOREVER WE WILL REBOUND AND SQUEEZE THEM