Vic Wasteland Thread - 15.0

[Rekin]

Birds my way to get that turbo rush of power out of nowhere is to get dat dere foot turbo lag makes you realize that it pulls, either that or sit 4000rpm then stomp the throttle for that instant throwback.

That awkward moment when a walkinshaw gts goes you off the line when you've just started driving and tyres are rock icey cold, skated all the way up Blackburn road near Monash playing catch-up. Then on roll he bitched out when I was aware

so... you lost?

[emts]

[Odium]

I overheated and blew my headgasket

[emts]

I overheated and blew my headgasket

if this was jeopardy:

Am I a 500ps RX7

[Rekin]

burnt exhaust valve

[Mohsen]

the fog was too thick and i went the wrong way

[emts]

I see 88E is still on a stride..

[Odium]

I see 88E is still on a stride..

https://www.google.com/?gws_rd=ssl#safe=off&q=88e+share+price

Depends which time span you're looking at...

Daily is fine, everything else.... not so much.

[emts]

google does not handle penny stocks well, it rounds everything up to nearest cent.

http://www.asx.com.au/asx/research/company.do#!/88E

[Leroy Peterson]

Stronger aus dollar and no restriction on US oil announced from Qatar meeting, probably helped push things a bit

/marketlinesaustralia

[UNR33L]

88e train de-railed, goodbye old friend $

rip $$

[Rekin]

88e train de-railed, goodbye old friend $

rip $$

Upon reflection, the only winner was birds...

[UNR33L]

Well played Birds

[Mohsen]

pat did you get blocked on fb?

[emts]

he prob just de-friended you...

[Birds]

88e train de-railed, goodbye old friend $

rip $$

Hello darkness my old friend...

Anyone invested should be using the opportunity to buy more while cheap; share price down but the fundamentals have not changed, only improved. DYOR, not financial advice blah blah

Edit: London up so far today; this might have reached its floor

[dezz]

2-3 days ago .050 was the 'new floor'

[emts]

Edit: London up so far today; this might have reached its floor

yeah it had fallen further tho so needs to stabilize.

that said with the News from Qatar over the past couple of days new Oil deposits are not making money.

Iran is Fkning the market with oil

it prob has LONG term chance as you said but nothing short term as far as I can see,

[Birds]

They can't hold that up for too long; literally selling themselves out of a future like the Saudis. Oil price has been making a very good recovery and ultimately it's a finite resource that the world will still need for decades. They aren't making any more of it, so whether a year or 5 years this reserve we have of a billion barrels plus is quite something.

As for little 88E, at the recent investor presentation they've said at current price of oil it is profitable; they have joint venture offers on the table, but want a better deal/s to maximise value for shareholders (themselves included), so will continue proving it up to get more interest and better leverage. Personally I'm not interested in the short term share price for any reason other than to buy more shares for cheap, but recovery does help with new traders who aren't used to seeing their money in a paper loss.

[Birds]

2-3 days ago .050 was the 'new floor'

Test of time - this "floor" may not last either...could go back up to .050 or could sink down again. Need a good few weeks of averages to find out where the real floor is. Honestly don't think it has one, it's too volatile and there's too much happening with the company. Seismic due in June and at any moment a joint venture could drop and be a game changer. Lock your shares in the bottom drawer.