Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Hi mickey lovely to hear from you and hope you and yours all well and healthy
Yep seems we’re back on the horse with Dave and be good to see any fo partner may be on all options
Also be nice to a catch up maybe
Sometime when things get back to normal In London maybe
You upbeat re presentation then
Hold tight Here we go again another spin of the wheel
Farmout looking at now and 2 drills 2021
Another farmout for peregrine
Dave certainly puts a positive spin on it
Good luck all
Looks
Like Dave is holding over 100 mil himself
Has an attractive wage packet but even so not gonna want to see his investment disappear
And what part has he forgone Cash remuneration for shares
Cliche
It was always the fun getting there not what was at the end
What a croc
It’s no fun getting there !!!!!
Good luck all
Without being charged of putting a spin on our present position and listening to all views and posts on here I can completely understand resentment to David and 88 e bod
Me included holding 20 mill shares a a large paper loss
And that is what it is a paper loss as my trading share account tells me
Please correct me if I’m wrong but if we can show in the next results any commercial gas or anything positive re hrz then surely this would be a success as we didn’t pay a penny pmo did and we retain now absolutely everything we can get from the drill 100%
Also what have we lost apart from sp value, we have just lost the year of running costs a
Incl David’s wages which has now been addressed and cost cutting in place for the foreseeable
I’m not
Blowing smoke up his axxx but I don’t think we are completely done and dusted yet
I would like to see the Alaskan credits come to us which would cover costs for the next few years
It’s was mentioned we were in a soft farmout re company’s interested on hrz let’s hear from Dave we’re we are with that after these up coming results due soon
Stay well all
Prudroe bay
Recent news about xcd and possible takeover need clear rns from Dave wall and more of a map going forward
Hopefully get that with the Charlie well and possible hrz. And gas shows
I for one would like to have a precise breakdown of our assets as we stand now and take stock of potential value if any of
Yukon winx Charlie before we start adding more
Not being to oil savvy but I have noticed most big oil companies usually will sell one asset to buy into another so not stretching themselves took thinly like bp have done recently with pristine bay
If we could do this then avoid a dilution or cash raise
Just my view
Mw93
Thank you for post
Looking forward to formal rns covering all this from Dw
Thanks for very optimistic post relax and hope it proves correct
Still lots going on and if we can get a farmout partner who’s happy to cover well costs and possible bit of cash too be nice but wishful thinking in this climate at mo
Rather than cash raise I’d prefer a sale of Yukon assets or winx asset
Let’s wait and see hopefully not too long to wait
Good luck all
Seems lots of noise on this bb since recent negative rns
Some from shareholders new and old and some from non shareholders pointing the finger and giving it I told you all so
This is now the time to bite the gullet hold or sell out
At this sp I can’t see how anyone is in any kind of profit so really we’re all in the same boat
So a time for unity and level thinking and waiting for a bit of guidance and leadership going forward from Dave and a plan
Until then all hot air
I for one am gutted and down not one year normal average salary but ten plus
But it was my choice my gamble my investment my decision
If I’d ten bagged then I wouldn’t be here but in Caribbean
But that’s life suck it up as I am and getting on with it
What else can we do
So please let’s stop with this weak mentality and either sell or wait to
Hear where we go from here in a week or two
With the state of else going on in the world
My perspective for one has changed massively and I still appreciate how lucky I am to have my health and family
Fxxx. The stock market and price of oil
Take care all good luck
I won’t be posting for a while
Hi jiffy
Nice to hear from you and hope you and yours are keeping well and safe
And yes your right I didn’t mention re the gas, and hopefully it will prove viable but I would ask if it is viable why would pmo just walk away from a potential asset after shelling out $23 mill surely they would be entitled to their 60%
But thank you for reminding me another thing to cross fingers on
Spinefx
My view only
Unless Dave can find a partner and get underway a farmout agreement for hrz or possible sale of Yukon and then come to market for cr I can’t see him finding anyone at all interested in taking part Private our institutional and no here near $5 mill
He tried jan for $10 mill and only
Raised $6.75 mill and that was with pmo on board and planned drill program
Also agree at present value he would get a very low price to sell out lock stock and barrel as nothing yet to offer just a lot of acres
Until we get core sample results in July from hrz
He has said in the past a soft farmout was underway during last year ????
Very hard to find that silver lining at mo
Hi guys
Looking forward to market reaction to agm last night my worry being
$8.9 mill in bank and $7 mill projected running costs rest of year leaves us $1.9 mill aus dollars less than £1 million in
bank before we run out of cash, I cannot see any confidence out there to find anyone willing to pump more money in and the shear dilution size of shares then in circulation unless we have a great deal with a partner or purchaser pending or proof of hrz samples coming good or gas shows commercially viable
Thanks to hot copper for his view and input out there
I was hoping Dave to show good faith with a wage decrease but not to be
Holding tight again on this merry go round
Good luck all
Last cash
Raise was a bit of struggle at a discounted rate And wasn’t totally taken up with the figure Dave wanted
Which was no where near enough to carry us into another drill so not to confident we could raise up to £25 mill and to be honest to have in circulation more than 14 billion shares as it would be then would be ridiculous
As we’re now at 0.35p giving a value today at £24 million for 88e
My opinion is the only option is a big boy with deep pockets farmout partner or selling Yukon to fund us further into hrz
Lots questions today
Come on Dave tomoro your up at the agm on podcast and now I would think fighting for survival for 88 e
You do have including me a loyal band of investors not as some say followers but my nerves and patience can only take so much
Good
Luck all
Hi zip zap
Thanks for that
Always lots of folk with the comments take it with a pinch of salt
Meant to say be nice if Dave takes a drop for time being in wages and works on his bonus if we reach targets in so
We have been here before on icewine 2 and winx and here again and do worry that a future cash raise will diliute is to death but understand we have enough cash for the year to keep the lights on so rather do a farm out if poss on Yukon or hrz with a little cash thrown in be nice
But let’s see what tomoro brings
Lse showing 16.5 %. In the blue
Stay safe
Hi mickey and all others in here
Firstly mickey youve got nothing to apologise for
We I’m sure we are all adults and so threw the dice as all this negativity wouldn’t be here if drill wasn’t positive but it wasn’t so it is what it is
But if I may just make a couple of points as I see it and convey
1. Pmo paid the whole drill £23 mill not us
2 we got core samples for hrz then free of charge where as icewine 2 for the same drill cost us £12 mill approx to go after hrz
3 we have a possible soft farm our partner interested in hrz and was never interested in other zones in Charlie well
Results to Come in June so still in the game paul was so positive about also 100% owned by 88e
4 gas found in what quantities and is it commercially viable and again with pmo walking leaves us 100% owners
5. And the final point i believe eagle ford was drilled more Ethan a hundred times before conco struck black gold on the last attempt
What have we had 4 attempts so far
On 500.000 acres
6. Yukon gold still on the table
7 we did have a bid a while ago and so someone somewhere must have saw something in 88e to
Make that bid
Possible a back door in to suck a large acreage holding
Some will call me a fool and optimist for this post and I dont really care but I will be waiting to hear from the agm tomoro
Ave takings cit in wage would also be a positive sign for us all to stay interested
Good luck anyway but the fat lady hasn’t started yet
Like all on here completely gutted and as some 90% down but you take your chances
I agree with few on here and looking forward to agm Thursday and daves plan going forward
Would I be wrong in saying winx cost us millions when it failed and Charlie 1 cost us nothing but £23 mill to pmo
So we’re are no further forward or behind than we were before farmout but the cash raise last year
And dilution
If there is someone out there whom previously offered Dave a deal maybe we should be giving them a call
Either way still in here and after mad day today may even out a little after Thursday and still have Yukon
As my wife said this morning crap news but there’s a lot worse than us at the present moment
Stay safe all
Good luck
Hi all on here
Just would like to say if I may to all those who had the privilege of meeting paul on two year anniversary of his passing and I’m one of them to possibly raise a glass tonight to the lovely guy I knew and who instilled in me the want to invest in 88 e and the potential it had on the north slope
The energy he had on the occasions on stage at the presentations and the beer or 4 afterwards
If we are lucky enough to have good news this week or at the end of the month to also remember his ideal was to invest all in a charity any benefits he personally earned
From icewine
And also to Dave at this time who was such a great friend to Paul
Cheers guys
Good luck To all
Cheers Paul
Hi to all and thanks for keeping bulletin board going all views too
Just like to ask we were told we should be near now the end of the drill would this include the hrz as well or is that further time
And secondly Dave would surely now know if any of the 7 targets have good oil shows
Any thoughts greatly received
Re oil price per share if successful I would agree is not so relevant at this stage as we are not producing or looking to earn an income from production
But for us to be bought out at this stage I appreciate would affect the value price
With all going on in the world all this oil talk doesn’t seem to be so important now
So stay well and healthy to all ok here
Blimey the way it’s looking over at premier they might be our junior partner shortly
With a lower company capital value
Ironic we may strike our 480 ml barrels and share price goes down
Living in a mad world at mo lol
My
Thoughts only what goes down must come up
Good luck all
1st target
Indigo hopefully rns by next Monday
And then Charlie not long after what a boost to be positive at this stage
But as Steven said at presentation all won’t come in out of the 7
Good luck all