Vic Wasteland Thread - 15.0

[Birds]

4 minutes ago, Daz said:

What is your target for 88e?

The share will be in the dollar/s before I think about selling

Can't say I won't be swayed into selling if it ten bags again though; everyone has a price and I just trust my gut

[Daz]

Just had a look at 88e

Last qtr cash burn $15M

Cash $20M

MC around 150M

Pretty scary - when are they planning to generate some revenue? 

 

 

[Daz]

12 minutes ago, Birds said:

The share will be in the dollar/s before I think about selling

Can't say I won't be swayed into selling if it ten bags again though; everyone has a price and I just trust my gut

So $1 per share would be a MC of over 4Bil - crazy!

Even at today's prices that's over 20 bags

Hope you are right, however I might wait until next cap raise

[JAS-25T]

1 hour ago, Birds said:

 

Don't have one right now, but I wouldn't spruik another one anyway...from my experiences over the last 12 months you get not even a thank you when you make people decent money, but cop a lot of shit if they lose it lol

 

1 hour ago, Birds said:

...you left out the one where you tipped and the company went down like 50% the next day. Still waiting for that 5 bagger too. Selective facts?

as for the 5 bagger, 3 weeks prior to posting it was 0.01. had an intra day of 0.58.

By normal people maths, I'd say that was a 5 bagger at least.

[Rekin]

Don't have one right now, but I wouldn't spruik another one anyway...from my experiences over the last 12 months you get not even a thank you when you make people decent money, but cop a lot of shit if they lose it lol

That said, I'm all in for 88E, so not looking for other opportunities right now. It's my Fortescue Metals and I'll either lose some savings or come out of it buying a house in cash. The way I see it: I can save more money as needed, but there may not be another 88E in my investment lifetime.

Can someone who made decent money respond with a thanks? Dezz?

[Daz]

Is there a future for Atlas Iron?

Next few months are going to be interesting

[Rekin]

Is there a future for Atlas Iron?

Next few months are going to be interesting

Iron is over. Copper and aluminium are the next hot items. Mongolian super mine opening soon and growth in production in bauxite / alum

[Birds]

5 minutes ago, Daz said:

Just had a look at 88e

Last qtr cash burn $15M

Cash $20M

MC around 150M

Pretty scary - when are they planning to generate some revenue? 

 

 

When/if the oil comes out of the ground. You're investing in investment

Not your average share/company/operation

You're in with them, their jobs and all...either make or break and that's what I love about it. Big risk big return. The company drilled a duster in morocco previously - share price tumbled HARD. Rebranded themselves and found a new operation, but this one at least has oil. Just a question of how to get it out of the ground in a profitable way and when oil will return to a profitable state for unconventional wells. If those two questions can be answered positively in the future, the company assets will be in the billions and revenue will of course follow.

[Birds]

1 hour ago, Daz said:

So $1 per share would be a MC of over 4Bil - crazy!

Even at today's prices that's over 20 bags

Hope you are right, however I might wait until next cap raise

Crazy, but we also thought 8 cents was crazy and out of the question when our share was 0.6 cents...those who had faith were rewarded handsomely. So a ten bag from the peak no longer seemed insane to us either. This is speculative investing - big risk big return.

And that's before any oil has been pulled out of the ground - pure speculation. Wait til the black stuff actually arrives!

[Birds]

28 minutes ago, Rekin said:

Can someone who made decent money respond with a thanks? Dezz?

Dezz got on late and is the first to blame only himself for that, he did the same with Jase's fizzlers. I'm more talking about the people who were actually up at one point but didn't sell out and take profits...weren't you one of them?

[Birds]

58 minutes ago, JAS-25T said:

 

as for the 5 bagger, 3 weeks prior to posting it was 0.01. had an intra day of 0.58.

By normal people maths, I'd say that was a 5 bagger at least.

Now THAT is hindsight!

I know of this company called Amazon...you should invest in them...like 15 years ago.

Haven't forgotten about XTV either, which seems to be locked in investor limbo.

[Birds]

1 hour ago, Daz said:

So $1 per share would be a MC of over 4Bil - crazy!

Even at today's prices that's over 20 bags

Hope you are right, however I might wait until next cap raise

And yeah a 4 bil market cap sounds crazy for a small/micro cap player, but when you're sitting atop near on a billion barrels of oil and every dollar the price of oil rises above your break even mark means an asset value increase of roughly a billion dollars...it's not unreasonable!

Not trying to convince anyone to get on board here either, as said earlier I have more to lose from doing that...more stating why I'm convinced on this one.

Edited August 22, 2016 by Birds

[Leroy Peterson]

Who needs shares. I learnt how to play craps and baccarat over the weekend. Between that and the upcoming NBA season, I might make my way over to hotcopper and tell them they all have patience of a saint to make $100 profit a week

[JAS-25T]

56 minutes ago, Birds said:

Now THAT is hindsight!

I know of this company called Amazon...you should invest in them...like 15 years ago.

Haven't forgotten about XTV either, which seems to be locked in investor limbo.

the one I said subject to TH news about?

[dezz]

I'm still trying to work out what a 5/10 bagger is.

[JAS-25T]

it's how many ball bags you've had rubbed on your face,

[Leroy Peterson]

dat fitment

[Daz]

10 hours ago, dezz said:

I'm still trying to work out what a 5/10 bagger is.

It's your return on investment e.g a 10 bagger is you invest $1 and you get back $10 

Its a microcap think because you don't see returns like that within the asx200

[joeyjoejoejuniorshabadoo]

dat fitment

Obvious W.I.P. is obvious

[joeyjoejoejuniorshabadoo]

Eddie Betts has said he acknowledges the banana throwing as racist but he wants to move on.

Just like Goo....

Oh