Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Facts are the best way to state your case - in under 45 words
10:22 I can't seem to find any question you have put forward for quite a while ? Is it under your othor user name ?
'Brom, any luck getting answers to those questions I posed a couple of days ago? You recall? Total cost of acquisition of 3D seismic for Icewine? Have all the 2022 ELKO shares been sold? Has the cash been released from escrow by the BoD? What's the payment due to finish off and mobilise from Merlin-2?"
I would expect that if you were a shareholder, interested person and not a pathetic and cheap downramper you could research this yourself and get an answer. But if that is not your style then so be it and stop annoying genuine holders.
These are facts which 88E shareholders are *entitled* to. Or does no-one care about the transfer of wealth from shareholders to company employees as per 2021 and 2022? Wake up!
23:12
No can do, Davelangley. I'm interested in the facts of the 88E investment Casey....no more, no less. Speaking of which...Brom, any luck getting answers to those questions I posed a couple of days ago? You recall? Total cost of acquisition of 3D seismic for Icewine? Have all the 2022 ELKO shares been sold? Has the cash been released from escrow by the BoD? What's the payment due to finish off and mobilise from Merlin-2?
These are facts which 88E shareholders are *entitled* to. Or does no-one care about the transfer of wealth from shareholders to company employees as per 2021 and 2022? Wake up!
Wow as i said Scott please stop & listen in 1 sentence, i said if your not in 88 they why pump pantheon lol, also geo has his own agenda & comments as you have agreed so why all the BS comments ? You r in or out quite simple…….
20:48
Hi Davelangley - suggest you re-read the Geodes/Scot126 exchange again. Geodes' tweet was about crude deliveries to TAPS about to begin imminently. As a shareholder in both companies you'll be aware PANR is about to drill it's first production well at Alkaid-2. You'll also be aware that 88E is a) years away from producing commercial oil for TAPS b) years behind PANR in its geological understanding and modelling c) 10's (100's?) of millions of dollars and dilution behind PANR in delineating the asset in preparedness for development/asset sale/corporate sale.
Confusingly, for me and many others as it turned out, Geodes opted to tag 88E in that comment. Yes, the two companies undoubtedly share a reservoir or two. However, on a corporate level, there is clear blue water both qualitatively and quantitatively between the two enterprises at this point in time. Of course I understand why Geodes, who is self-admittedly down a fair whack on his 88E investment, would seek to conflate the messaging. I was happy to ensure the readers of that particular thread weren't going to working under the misapprehension that 88E was going to be contributing to TAPS any time soon. As a fundamental investor I find it essential to work with facts, you see.
As for your advice in the second part of your post, no is my answer. Good stuff.
Hi Scott, we ain’t spoke for a while, but i do have investments in 88 & Pantheon, I still don t actually understand ya agenda? You tell georocks on Twitter the other day to stop connecting Pantheon with 88 yet they are in the same basin technically, your on the 88 board pumping Pantheon FFs lol, wake up dude & look in the mirror, some people don t care of ya opinions, if your invested in a “poor stock” like 88 then thats fine, otherwise stick to ya words as per geo and slip back to Pantheon Dude!
15:25
You did well there - good price.
thats my buy 1.75m 0.00465
12.27 - You'll have to wait for the autumn harvest I guess
Looks like a stick with No carrot. Creating shares like there is no tomorrow.
11.44 - I'm so glad the messiah is back (or is he just a naughty little boy) ha
09.48 - I'm sure they could have used some of the royalalties revenues rather than dilution where the share price is at a 18-24 month low.
Anyway, it's done. They need the information and if the 4 workovers are as swift as the first 3 then that should help the coffers
15:36
Still only 3 lines though.
chrisrev, it was only 3 lines and you still managed to miss out one of the reasons, i.e. 'apart from the macro stuff'.
Was just thinking the bottom might be in here, might be worth a trade (a Brom as I call it). The resource update will be interesting but in reality its not just a question of how much they have, more a question of how much they will have left post farmout.
The other question is who will buy it given most of the UK, Aussie and now US markets have been burnt by 88e? We will probably be able to see the answers to the above before the share price moves materially.
Hi Scott - 14:18
Is that it - your only answer to why PANR price has gone down is due to Farallon selling? Wow I thought you knew a lot about PANR, 88E.
Indecently, reading your reply, out of 15 lines you spared only 3 line answering my question., the other lines on just waffle. You must be a politician.
What is your 'belief' based on Scot? Farallon surely wouldn't be 'hedging' again would they? You heard it here (me) first. Pity you couldn't see it 12 months ago like moi. Although knowing you, you've also been offloading with all the inside info you claim to possess. Tch tch.
Still in both companies. Happy to sit tight and await Panrs results. And....
...."Soon-to-be-completed new independent prospective resource report, which is anticipated to demonstrate significant resource volumes that can support a material development;" from today's announcement.
I shall put cheese in my ears now and retire to the deck of my yacht. Bye.
GS
11.44
chrisev1 - very good question. And it must be concerning for all other 88E shareholders too, seeing as it appears 88E's best/last/only opportunity to create meaningful shareholder value rests with Project Icewine and the shared resource.
NB PANR has spent $80m+ on 3D seismic and in excess of $300m over the last decade to understand and delineate their acreage and resource. That is one of many reasons for my statement that PANR is, quite literally, years ahead of 88E in its development of the investment case.
There is an empirical qualitative and quantitative difference between the two companies. Fact.
In answer to your question, apart from the macro stuff it is my *belief* Farallon has sold lots and lots of stock since the April webinar and has, deliberately or not, omitted to inform the company of such share sales.
That's my answer, chrisev1. I'm now going to repeat something I've been saying for ages and been abused and scoffed at for so doing. It behooves every single 88E shareholder who thinks of himself/herself as having an interest in facts and fundamentals to learn the PANR investment case. Your own BoD is telling you where to look for future direction. I submit it would be wilful ignorance not to accept this truth.
better link (it should work)
https://dog.dnr.alaska.gov/Document/Download/BB31DFBD2FA4478BB19331D4501703DD/2015-05-19_MLUPNS%2015-002,%20Geophysical%20Exploration%20Permit,%20Ice%20Wine%203D%20Seismic%20Survey%20Permit%20Approval.pdf
Hi Scott,
Just a quick question as you know a lot about PANR, why is the PANR share price going down from their highs of about 150p when the drill is just around the corner?
09:48
Hi Brom - you kindly informed this thread that 88E management respond to your emails very quickly. I believe you 100%. Would you kindly ask them:
1) What is the full payment for the 3D seismic data? 88E shareholders will note the payment in shares but this is only a part payment. Are shareholders not permitted to know the full payment terms? Seems odd, doesn't it? Is there a cash component? If so, how much and when is payment due? Any ORRI attached to payments? Is Erik Opstad or associates a party/parties to this transaction?
2) What is the cash balance following the payments made towards the end of Merlin-2 operations which were mentioned in the notes of the Q1 financial statement?
3) Has the 88E BoD released the funds from ELKO share sales in 2022? If so, when were the shares sold, at what price and what was the total sum realised? Did ELKO sell all of the shares allotted to them?
Thanks Brom. Look forward to that swift response you described previously.
And at least they will use 3D data instead of the old 2D data used for Merlin.
Positive RNS in sense that concentration of efforts and resources seems to be focused on Icewine,
Purchase of SAE data license possibly necessary to continuation of farm out negotiations and in any case a good move if we are to pinpoint the optimum drill location.
https://dog.dnr.alaska.gov/Document/1B2F96E6F67049DF8BFF405C2CC2BFF/5-19-2015__MLUPNS_15-002_Geophysical_Exploration_Permit_Ice_Wine_3D_Seismic_Survey_Permit_Approval?
Longhorn positive news , the decision to accelerate the work over programme to take advantage of current POO seems rational.
As ever the downside is dilution but unsure if the company has any alternative.
Q2 Financial Report awaited.
Looks like they’re taking advantage of the high oil price, but not taking into account the results of a large fall in oil prices,
Jam Tomorrow
725million shares issued
Rinse Repeat next 5 years ?