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Brom,
Exactly, once the Government pulled the deal to save the budget our only avenue to find further operations is via CR's or loans.
Some think 88e are a major and should be drilling 2-5 wells a year proving up the acreage, ludicrous for a micro cap. 88e are fortunate to be in the position they are with a JV (Bex) and Farm-out (PMO) that they have the opportunity to drill Charlie.
With all drills there is risk, a lot of risk, to date the Charlie drill presents the lowest risk. Still high risk though.
Holders new, old and future should be aware that the company will need to raise cash in the future, so should not be surprised when in time this happens.
Even if the tax credit palaver can be solved, once the loan is repaid, this will not solve the future funding of the company.
It is what it is, until assets are monetised or an income stream is generated.
Cheers, just my thoughts
Lefty,
I'm sure you are probably a good bloke and mean well, can I add a comment, would it not be easier to make your posts more concise and formulate in a word document and then copy and paste into here? That way you may be able to edit and amend.
Not having a dig but it's hard to get the full gist of what you are trying to relay.
Just an idea
Brom,
As you know, I to was sceptical of the "silt up" given as the reason Jade were unable to drill. I've also been an advocate for the bundling of prospects, Yukon and Sourdough as a parcel. I think the Erik connection makes this very doable and when looked at in the bigger picture with the 3D seismic acquisition by Armstrong, might be a year or two away but certainly raises suspicion........
37pits,
"possible company thinks us LTH'ers are rabble"
Based on the audio from the London Presentation, that has been confirmed. When the issue was raised Dave quickly attempted to shut it down after looking around the room.
Broker Target Prices are a pointless exercise for investors to gauge valuations. Most of the time these Brokers or Institutions hold shares from previous CR's and are looking to shift them.
The only prices your need to know are at the top of this page, Bid 1.35p Ask 1.45p
Brom,
The ASX has followed the AIM price for some time, the ASX being the minority market will follow. All the after "regular trade" trades were at 2.4c which confirms the position, of waiting.
Agree plenty of news to come which should boost the price but currently we are dictated to buy the balance. No one seems overly dedicated
The intraday share price is largely irrelevant at the moment, it's the close that's of importance. After several attempts it's yet to hold a close above 1.37p or 2.6c. This is the crucial resistance point carried over from Winx.
Until a close above this level occurs a breakout will not be confirmed.
The market is currently sceptical, positive but sceptical
Highly unlikely PMO or any company would make a bid for 88e after drilling one well in Area A of the leases. How would a valuation be applied to Areas B&C, we have no 3D seismic inversion to accurately determine what is available.
Also a bid for 88e would also naturally include Captivate Energy (dud Winx leases) and Regenerate Alaska(Yukon leases, not drilled but seismic acquired). Impossible to value these assets, in their current state and hardly creaming any curve by selling early.
Jiddy,
Of course news is due, you stated as much. It's imminent. Before New year's now?
Is the 1st Feb still in the calendar as the count down day?
Is that trading days?
English work days?
Pension days?
Alaskan work days?
Seems you're just keeping your post count up
You said 32 working days until Charlie news.
No mention of trading days, just apparently English working days, which have no bearing on Alaskan drilling activity.
I could ask you, what is your point, as the 1 Feb is 50 days away, that's Alaskan working days.
Jiddy,
Regards your reference to Charlie, I'd have thought that those guys work 7 days a week 24 hours a day. So your comment about English working days has nothing to do with the drilling/news about Charlie being drilled.