Member Info for Learningtoinvest

Well as We are are now fully funded for an extra drill at Charlie. As well as the premier drill.. All this on 6.75 instead of 10 million dollors AU and it will keep us going for the next few months. OK DW you have bought us time and an extra drill. Now it's time to bring home the bacon. Not sure l understand how we will manage with 6.75 instead of 10 but hey no doubt the wise will put the record straight..

Yes neversatisfied the clue is a few months

On the positive side if we have money to keep us going for a while DW will be able to sell further farm outs on our land giving us extra strings to our bow.

Yes by 75%

The one saving grace here is 0.7 l thought lower. We are currently steady at 0.65p to sell let's hope for all our sakes that's a low and its going to be a bottom.

I recently de Risked and was told l was an idiot now us the time to buy.
Over the last few days l have again been given a seriously hard time by the so called wise calling me many names for having the audacity to suggest a cash raise was imminent... It seems the respectable knowlageabe folk in fact no as much as anyone here but have far less idea of what's going on.... Brombard you suggested only yesterday that there were business people here.. They at the very least must have seen the cash raise coming... I know l did..

Creamy deal? Like creaming the curve? This curve is descending unfortunately not ascending. Maybe Premier Oil will lend us a few Bob? But why should they if we go bust they can buy the land we own cheap in a fire sale

Factored into the price are you serious. Have you just discovered 88 yesterday? I dread to think how low we can go. But that depends on how he raises the cash. Maybe with a farm out he can borrow money without dilution. But if its 0.6 or 0.5p we we be opening lowrr than the rights price.. Let's hope its a loan or bond

I have been seriously slated over the last few days to dare to even mention a cash raise.. Really????

Brombard I've already de Risked and am happy to stay in and if neccesary loose the lot. A million shares are only worth £7K now. If l can get £30-40k then all is good again. Time will tell.

SpineFx thanks for that information but that means if the spending trend continues we have just over 3 months left before we run out of money

Unless you have positive sentiment or good news, Shares like 88 in fact especially 88 tend to drift downwards like water down a plughole. I really want this share to come good and bring home the bacon.
But many people here and I am one of them do not need convincing that we all know that its there for the taking (No further research needed, its proven)
What we need is a financial statement from DW giving us an honest assessment of our financial situation present and future. Its not fair if we wake up one morning read the RNS "rights issue" and find the price has halved before we have chance to put our socks on
If we have bags of money as the owners of Rose Tinted Specs would have us believe, then there will be no happier investor than myself.. But we have a right to know... Having bags of money or being skint is in my opinion, Information shareholders have a right to know about.

1.4c lots of confidence in the share then

Rotton Johnny l think you will find the majority of people here are now in loss making territory. And everyone has a right to comment on it
. The likes of you should crawl back under the stones from which you came

Well spinefx it seems you do understand my point of view very clearly as you have just stated it

Spinefx im looking at reasons why the price is so low with so much potential...

If we get billions of barrels of oil out of the ground our share price will reflect that.. Currently our share price is around 0.7p to sell.. Clearly these billions of barrels of oil that we own are not factored into the price. Neither is the Farm out with Premier, nor future farm outs, nor the magic oil rich Yukon where we own thousands of acres. Any thoughts as to why that is????

Jiddy
How do you know what I've been saying? You recently said to the world I'm filtered... Clearly your a man to be trusted a man of his word.... Hmm

My views are valid. I'm surprised nobody picked up about the bit that said the share could make it and make a lot of money for share holder's.. That's what's known as a balanced view and the reason we are all still in...

This share is very much a gamblers share. People here say DYOR. My conclusion after reading around the subject is simple it's the same as an increasing number of people here. This company can become very wealthy indeed with a serious share price... The catch is we need money to keep us going until we strike the black stuff. That means 88 could go bust in the interim period. As a result of this conclusion l sold 75% of my shares at a loss but have now reinvested in high yield blue chips with a 6%+ yield under ISA wrappers. I feel much better about things now. I still have one million left but l can afford to lose £7K
Im now happy with my risk l believe there is a slim chance that we will make it through to pay day and be rewarded in a big way... But as we all know in the end its about if we have the money to keep us afloat.. What we need now is a financial plan from DW that will get us to payday.. Like a growing number of people here I'm going to bottom drawer these shares and hope we come through the winter in tact. VGLA