Vic Wasteland Thread - 15.0

[joeyjoejoejuniorshabadoo]

When did Leroy stop suggesting pulsars?

[Count Grantleyish]

When did Leroy stop suggesting pulsars?

Tis amazing thing really.

[Leroy Peterson]

Once SSS's started fetching +$5k and thrashed by P platers. Not really worth it now... Great cars, best reserved for people who will look after them blah blah blah buy my triumph, rolling restoration etcetc

[dezz]

I don't give an inch when selling shit

[emts]

that moment you drop a RB26 block on your foot

[TiTAN]

that moment you drop a RB26 block on your foot

At least you can be thankful it wasnt a 2j or worse yet a 6bt cummins, the bare block is 400kg, fully dressed they are the best part of 600kg.

[joeyjoejoejuniorshabadoo]

Lucky it wasn't a fully loaded 747

 

[Leroy Peterson]

Least you didn't drop it on your penis due to being a GTR owner and having your dick out while looking at RB26

[emts]

so not a GTR owner.

got a bare block a while ago from a friend to turn into a man cave coffee table, been sitting at folks and time to grab it

 

slipped loading it onto the ute.

[Birds]

Trading halt

Capital raising

People often don't like these but I take them as a good sign that they want to further operations depending what the funds are needed for

[Leroy Peterson]

I'm guessing announcement of more options.

Should have sold some... Oh well.

Sold triumph at least. Woohoo

[dezz]

88e back to 1c

[dezz]

What do we think it'll drop to at open? If it's gonna crash again I should try to dump it while I'm in the green or at least just in the red..
Good thing my other shares are going ape shit

[Birds]

It depends on who the capital raise is targeted towards and what they want the money for

If it's a raise to everyday investors, they usually do it at discount to current price which eventually sends the price down to the discounted price, then it slowly recovers.

If it's a raise to institutional investors that they've already completed, it will have little effect on the share because the broader market can't purchase shares for cheaper

Our best case scenario is that they have some awesome news regarding the well and need to capital raise to fund processes for it - given the recent ramp up from 1.8 cents after they closed the well, plus the timing of this capital raising so close to the date of expected news / well reopening, this is a possibility. Though I think they would announce to market if the well had been reopened and work recommended (unless they already did and I've forgotten). Our worst case scenario is that they capital raise to everyday investors at discount and don't give particularly good reasons for it - then we drop probably a cent?

[dezz]

If it's gonna drop it'll more than likely drop below my purchase price straight up, so only way to profit would've been to see the future and sell Friday

[Birds]

Pretty much. Don't regret - this shit bites people just as hard or harder when they sell out and news sends it rocketing - however rare that may be for 88E news. If there's ever a big one, it will open about 400% up and the saps will be those who cashed out the day before.

[dezz]

400% up I'll retire

[Birds]

London's not happy...before they even know what the capital raise is for...investors always make me laugh

[joeyjoejoejuniorshabadoo]

You put in 1/4 of what you need to live on for the next half century?

[dezz]

No risk no reward