Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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It is a nicer feeling when you are holding a full hand of cards rather than being down to the last three. Nicer feeling having early success.
However the information and thoroughness of this company deserve to yield results. I remain positive.
Remember those days when this was going to be a multi billion dollar company?
Not that long ago actually, just prior to selling out on the spike ;)
Well, this is where we are today, no point in moaning.
If Merlin and Harrier Drills are successful, it could be a Get Out of Jail card.
Combined with Umiat, this lease set could be attractive to COP or a few other companies to buy off 88E.
That cash would be a godsend to 88E to revisit Yukon leases and Icewine leases.
We shall see.....
Phrontist
correction
As any FO would not have been delivered in time for this winter season
:-)
10:14
Do not disagree with a lot that you say, however without Peregrine we would almost certainly have had no drill this winter as ant FO on Icewine would probably not have been delivered irrespective of NPRA activity or not.
if Talitha is successful and indicative of potential under AEA leases then I think that may prove positive for us both in terms of attracting a FO and longer term working unit developments.
Sun 19:37
I think over 2p is highly unlikely even with Oil Flow Test success backed up by positive lab tests for commercial suitability.
Why I say this?
The site is a substantial distance from road access and oil pipeline access. There are suggestions of an easterly route through Icewine onto the Dalton Highway and TAPS. The timescale and cost are significant.
Alternative suggestion is going north and linking into some COP infrastructure. But their planned Drill Program's seem to be delayed and ATM this infrastructure simply does not exist to link into.
DW should have worked on the region from Franklin Bluffs going North towards Pantheon leases. The Highway and TAPS go North-South through our Central North Slopes leases with minimal cost and timescale for new road and pipeline implementation.
Each 1p SP value represents £120 million on the 88E Market Capitalisation.
2p => £240 million !!!
If Peregrine and other projects go well, it is 3 or more years before 88E and FO partners get any oil revenue. And during this time 6 Capital Raising sessions???
88E has been exploring for 7 years now.
By taking over XCD we are effectively in the first year of a new 5 to 7 year cycle.
Perhaps this is why DW decided to move on. This is many years of hard slog, money and risks.
Sell the business to COP is best (only?) viable business route.
Phrontist
Forgot to mention now fully funded too. Seems a good 'play' from here...
Cheers.
Hi guys,
Just bought in. Went through nearly every AIM company over the last week. This appeared to be among the best low risk / high reward / near term prospects out there what with the Alaska drills.
It seems many here have been waiting a long time and need a successful drill to finally make your money back plus what could be a very healthy profit so just want to wish you all the best especially with spudding imminent!
GLA.
Dreamland99
Metalbasher has answered your question, but I was given the following advice many moons ago, sell half on a double, only if had followed it myself I would have been a much richer man than now, it's called greed, or in my case stupidity.
Well I would hope if the first drill goes well 5p then second drill hits the sweet spot 10p and maybe more if we attract the herd .
But if we don’t then .20 becomes the new low or even less just my thoughts But you got to be in it to win it simple as good luck to all invested.
Thanks for your advice , just wondering what is your thoughts about a potential successful drill and unsuccessful drill ? I mean they price.
While I do agree it's nice to be wrapped in ISA on big wins, it is also important to remember that your losses in ISA are equally wrapped and cannot be used to offset other CGT-subject gains. The right choice about investing in/out of an ISA are dependent on the specifics of your wealth composition, and your tax planning. In case of risky shares (like O&G exploration surely are), I see ISA as the best choice if you do not mind the potential losses (i.e. you do not need to offset), and if you handle your ISA shares portfolio carefully, leaving yourself always some margins to potentially have to average down on unfortunate event of dilutions or SP retrace. For that you shall either save enough ISA allowance to be able to deposit more cash and buy when you need to average down, or have already a decent portfolio so you can redistribute your holdings shelving some gains from a blue investment to average down a red one. I'm not a financial advisor, just my 2 cents.
Welcome Dreamland, we've been hovering around the .48p Mark for a while. If you enjoy that then pile your money in
High risk shares are more fun you can win big or crash badly , only invest what you are willing to lose .
How 88e 'do' in 2021 depends on what happens in the next few weeks.
To add to that, oil I think it’s worth pointing out that (as 88e has shown up to this point) oil exploration companies are more likely to make you very poor than very rich. It’s risk/reward, and so far my Premium Bonds are smashing my 88e investment out of the park, let’s hope that’s not always the case, but buyer beware!
Totally agree with rfarfa, only invest within a stocks & shares ISA otherwise if (and its a huge if as I know from many years being invested here) it comes good and we hit flowing oil, then you will be paying more towards the post-Covid recovery via CGT than is legally necessary. Nobody should avoid taxes that are legally due of course, but why volunteer to be at the top of the line until some of the tech and coffee companies start paying their fair share first.
Welcome, might I suggest that you DYOR before investing, as oil exploration companies can as easily make you very rich as very poor. You can start your research by visiting the 88e Wiki website which has a minefield of information. Also in view of the obvious possibility of a very large capital gain with this type of investment it is advisable to shelter from tax liabilities by holding within an ISA wrapper.
Hi, I am a new investor I want to invest in 88e. Those who have invested how you think 88e will do in 2021? Just for an idea. I hope lots of pros here can help me.