88E

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0.2¢ 88 energy limited

Ann: Rights Issue - Letter to Eligible Shareholders, page-10

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mike mike

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11/10/18

14:19

Post #: 36086059
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Originally posted by docmin24 ↑

Well after the past month or so I have read all that is out there re 88. Are holders happy with GM PR's vote, will be known after GM early on Monday. Not a big issue for the company just the timing of it for me wrt to our performance.

Are holders happy to see another bottom of the curve cap raise/RI's again will monitor how many actually get exercised and how big shortfall is at end of month. My misses isn't bothering with it as drilling some time away. I haven't decided as I have 2 big buys at 1.7 and 1.6 at front of ques. Again concerning the timing of these raises always at the bottom of SP. Seriously the company have to do much better with these in future. It effects us holders who buy at levels with news the company releases and the company continually back flips and that's a concern.

Are holders happy with the lack of drilling in 2019 and of course how long the drag out continues wrt farmin's. If no farmin then where will we be. If one is announced is the priority back onto IW2, again that concerns me especially when the company has said from reading posts that they have a whole team working on this and scratching heads after 2 failed attempts and is smashing our SP. This does concern me especially when we have multiple promising prospects with our conventionals. Why the avoidance in planning to drill these wells in a timely fashion.

So my conclusion is very simple. As holders we all have varied opinions some are just so supportive no matter what happens. Some like me do have concerning questions (rightly so) and I have been critical and that is my right about our performance and decisions recently and of course over the past 2 years.

My criticism has been noted by the company and consequently no longer in the favourites camp. Such is life. Even some on here like the company have stuck it right into me, fair enough. That's the beauty of democracy.

At 1 point into our future we will all know whether are company is successful and the grand plan pays off for all or will we be unsuccessful with Q1 well. The risks of drilling in O/G for cash strapped spec stock. Time will tell. But I would be much happier if we drill, drill and drill our conventionals.

I have accumulated a few over this past 2 months and are banking on the SP going back over 5c when drilling starts, as most of us are currently in the red imo. Will take profits and not get caught out again as 2020 is a fair way away and more cap raises will surely come and going on past raises effects our investment strategy. Maybe when this well is drilled another comes and stops the price rise, lol. IMO holders never seem to get a break do we.

Anyway hope we get some very much needed positive news as over the last 2 yrs we haven't had much have we. Seriously the company has to stop the 1 step forward and 2 steps backwards. They have to buck our current trend and generate consistent appreciating momentum.

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Doc I forgot to add in additional source of funds

If the sp gets to 5c or more on Winx then I would not be surprised to see some more of the Oct 2021 options being converted early like last time. Cannot rely on this but there is a lot of dosh in there as well.

88E Price at posting: 1.8¢ Sentiment: Buy Disclosure: Held
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