Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Hi Brom
Thanks for clarifying. You are correct that DW has already shown his belief in 88E. Approx 40 million shares - 19th largest shareholder.
Incidentally, I've just remembered that it was another CEO/MD that took shares in lieu of salary in another stock I'm holding, which is a basket case & which I am also underwater with. Oh well C'est la vie.
C'mon Dave. A 7 for 1 shot at hitting the black stuff in Feb.
Both 10.10
"How much would 88e need to raise in CR ?" How long is a piece of string ? lol.
Although I do think if a CR is required it won't be big for the following reasons -
We had 6.6 mill cash at end 6/19. Estimated cashflow for qtr ending 9/19 is 3.2mill made up of
Exploration/Evaluation costs
Staff costs
Admin
So we had 6.6mill, burning 3.2 per qtr = 2 quarters covered til end 2019.
I'm sure DW took shares in lieu of salary recently ( or was that someone else? )
Perhaps he & other senior salaried personnel can be persuaded to do the same. If they believe in 88e why wouldn't they nail their colours to the mast ? ( we have many times ) Maybe there can be further cuts in outflows.
12/9/19 is significant because a decision is planned on SOA paying Tax credits owed to explorers such as 88E. We have a loan covering what is owed to us from SOA ( 14 or 16 mill. Can't find amount at moment ). If news is good we will probably need to take 10% "haircut", but when do we get the dosh ? Someone may be able to advise if our repayments are deferred presently ( can't remember) . Anyway if the news is good this could lift SP.
Once again AIMHO so put away the baseball bats Boys, lol.
Both 05:47
I think we could see upward SP movement this year.
The SP , I believe, is shackled by the possibility of a CR hanging over it.
The CR possibility is, or is being, priced into the SP.
If, by some miracle, we don't need a CR between now & the drill & DW tells us so, then I think we would get an upward SP re-rate.
That together with HRZ & Yukon updates would provide some upward momentum leading into the drill.
Still holding !
All IMHO
11.17
Yes AAI, some of the numbers are a bit fuzzy. The author jumps back & forth between AUD & USD & gets a bit confused, I think.
Somewhere in there he values 88E at USD860mill & says that is 8 times present market cap. If USD860 mill is correct that's approx 12 times present cap. All imo. Correct me if I'm wrong. All huge numbers though ! Roll on February & Texas Tea.
https://www.nextoilrush.com/88e-partner-1b-premier-oil-north-slope-farmout-drilling-q1-2020/?gclid=CjwKCAjw44jrBRAHEiwAZ9igKD89gTWStBrLcvQ9awKNtZhSYWPovwkhfZao9y2aZxFwsUIF134_jxoC2JMQAvD_BwE
"Plus overnight in London in its investor presentation, PMO was already referring to 'first production' timelines before the well is even drilled - so there is a high level of confidence that they are onto something ".
"So on success, and these rough estimates, that would be US$15M for circa 1.75% of 88E, and an implied 88E valuation of US$860M - 8 times greater than 88E's current market cap.
Cat
Maybe a tin-foil hat would be purr-fect
ASX likes it Woz.
I sold a few this morning in case of CR later in year ( bugger! lol )
Fair point Spike. Probably also depends on deal. If it's a big company, we get to keep 25-30% & they are drilling 2-3 wells, we might get to 3p after FO deal is released , because we're only months away from drills & market does seem to price ahead.
Whatever happens give us the answer in August Dave !!
https://www.adn.com/politics/alaska-legislature/2019/08/09/gov-dunleavy-signs-bill-funding-capital-budget-and-reverse-sweep-but-vetoes-money-for-some-programs/
2.5 million for Arctic transport & resources program, which involves North Slope planning ?
Favourite bit - ' A more detailed update on the conv FO will be provided in early August '
Yes, still time to release QR today. Although I have seen them released in the 2nd month eg QR released in August for period ending June. I don't know if these companies get the OK from ASX for late reporting due to special circumstances ( eg a FO pending ? ) I know a QR usually only contains past events, but I think Dave likes to give us as much info as possible. For instance see the attached QR for 9/2018 where he has a number of items listed under ": Subsequent to Quarter End "- it contains info on the RI, Winx, Conv FO, HRZ evaluation, Yukon. I won't be too worried if QR is a bit late - could be good news re tying up FO loose ends ?
http://clients3.weblink.com.au/pdf/88E/02040709.pdf
15.19
Jeez WAaussie !
After your " investment example " I will never complain about missing a spike or trade again ! lol
Never mind, we may be looking at something big here in the "longish" term ?
GLA 88ers
BB 23.49
Holy Guacamole ! That thing is 4000 tons +. Heading for North Slope to start drill in April. Great article BB !
I hope it's for us !! LOL
https://research.commsec.com.au/LoadPDF?docKey=B64ENCeyJkayI6IjE0MTAtMDIxMjU2OTUtM1ZFUFVKRFVBUFFVOE1GM1JJMjRNNDNJSTIifQ==
Has some info re Winx
SM - "Completion due December 2018" ? Are you sure you're not involved with our 88E deal. LOL
Seriously though - thanks for the reassurance.
Special crossing after market. 3.3+ mill @ 1.75c
14.50
'big privates' ??
It would be terrific if our new partner did accompany DW on any London visit ( rather than the usual London visit accompaniment - a CR )
Courtesy Perthy/Hotcopper
https://hotcopper.com.au/threads/humour.2420972/?post_id=14431690#.XSbFROgzbIU