Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full 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