Member Info for LeMajor

In Babylonian culture, joining a BB for 4 months qualifies as an LTH - unless of course you have multiple "nationalities".
I am only 65% down so no idea how you feel, but prepared to wait until our fortunes turn around. With more than 500k acres between 88e and Bex and only 2 holes so far there may still be a chance.

Only if they're fresh.

It was no expert. Follow me at your peril.
It was just defiance from the MMs. Have to wait until Tuesday now. 3x4-day weeks in a row. Time to chill.

Nothing different today than yesterday except for the confirmation of drilling next winter (which was expected). There has been no massive sell-off - so MMs are the only factor left to explain the drop.
We were a 1/3rd stakeholder in Winx, and the drill location was not made by 88e - they were the operator only.
Had it been 100% our project, we'd have paid out 3 times more - but would we have chosen a better location? Who knows, not me, not you.

Oil under the bridge mate, let's move on!

as the subject reminds us - the BoD have quite a lot of skin in this game too.

Mr T, agree in part, though if large orders now require funding I feel it would make more sense to publish some detail on the orders (push up the sp) and only then ask for extra funding (less dilution for same money).

Lots of trades for a few hundred quid a pop - all the "paired sells" will be Bed'n Isa deals but made to look like big sells rather than a big share swap.
MMs are holding it down, so will let it pop back soon to stimulate even more buys, although maybe they don't have many to trade (illiquid) which could explain why trades are so small.

Rarse, I'm curious to know in which country your elbow resides. Clearly you are all over the place.
"Jam tomorrow, again." - there is no "again" - the report is a retrospective look back over Last Quarter, not Next Quarter.
As such it is a consolidation of things that have already happened - so it is pretty much neutral.
Should be pretty much up your street - by consolidating recent history, it saves many the trouble of DYOR.

We have information on Isas in the wiki.
http://88ewiki.wikidot.com/tax-on-shares

the Isa limit of £20K means that is the maximum amount of cash you can add in the tax-year. the value of your shares isa could double or halve the next day, but there is no upper limit to the isa value, or the amount you want to withdraw, but once you have hit the £20k "input limit" you will not be able to add more until the next tax year..

Once the MMs have milked the worried, they will let the sp drift back up. They make money whatever direction the sp moves.It will probably finish same as yesterday as day traders take up the bargains.

Seahawk, you have missed the point. There is nothing incompetent about the RNS, it is plain and simple. The incompetence lies with those who fail to understand what the words mean when they are strung in a sentence.
You and Les have a lot in common.

It seems to me that illiteracy is our biggest foe - and those that follow the illiterate rather than read the details themselves - the blind leading the blind !
At least the MMs can make a few quid, so are very grateful to the PI's who wallow in misery, and especially to the panic sellers who get suckered-in by Les Miserables.

what needs interpretation? DW said it in B&W
"Subject to the negotiation of terms and conditions, the Conventional portfolio farm-out deal is
targeted in Q2 2019, with the intention to drill an exploration / appraisal well in 2020"
Surely, negotiations are unfinished but if the intent of the FO is to drill again once the ground is frozen enough to construct a road (usually Dec/Jan), suggests the start of a drilling programme asap. Permits usually start 4-6 months ahead so I take that to mean FO must be signed off by June so that all is ready to start.

Until the last "i" is dotted, we cannot be given the full detailed programme, or be told how much cash is changing hands - but at least DW has shown us that both parties are intending to start working together this year. Nothing bad here, quite the opposite.

The well mentioned suggests the FO is past the point where anyone pulls out. It does not say what we are giving away nor what other goodies we get for it - so they are still fine tuning the deal. This is the horse's doovers, main course to follow.

If only the FO came at CoB on Thursday..... No need for a Trading Halt on ASX as it's shut down over Easter anyway.
Only seven more ASX trading days to May, so time will pass quickly and hopefully so will the sp.

Islayman, I think that quote was $1 (Aud) which is currently equivalent to 55p - possibly was worth 60p at the time - but DW thinks in AUD not in GBP. So many misquote by using the wrong currency symbol - easily done but be wary!

We won't see the sp rocket as a result of this reassuring presentation, but it gives confidence to prospective investors that the train will shortly be pulling out of the station. How quickly it (or the sp) will accelerate will depend on the deal itself but I'm glad I already have a seat, so will not be one of those traders running along the platform as the train pulls away. Choo Choo!

The deal would have been agreed weeks or months ago based on facts and figures revealed by 88e. The partner will now be verifying those figures especially the key factors relating to the most valuable assets.
Unless there has been serious misrepresentation, the deal will go ahead - if so they'd have pulled out by now. If there are minor discrepancies they will simply adjust the terms (pay less or take more). I participated in over 80 DD projects in my carreer - only once did we pull out of a deal (illegal working practices) - where profits or debts were misrepresented we simply downgraded our valuation as would any buyer, and the deal went ahead. All such revelations being stricktly confidential and part of the NDA.
IMO we are too far through this process for it to fall apart now. 88e is not the only company to adopt the phrase "if it's gonna fail, let's discover it early".

We may have stumbled at the first hole/ hurdle but there might be further targets over the Winx area yet.
Sound like you may be like a would be gardner who on encountering a rock while planting spuds decided to sell the house. Needs perseverance.