88E 0.00% 0.2¢ 88 energy limited

I think so Ex, certainly wouldn't instill much confidence in a...

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  1. 2,819 Posts.
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    I think so Ex, certainly wouldn't instill much confidence in a deal being struck this quarter.

    The guidance from the last quarterly had ~$21 mill in the bank with a forecast spend of ~$10 mill. The balance obviously won't see us drill anything by ourselves.

    Dave like most, would want the share price settled at a higher benchmark and with a/some proven project(s) to provide underlying support for the next leg up.

    I don't see any urgency for a soft raise and I'm sure Dave wouldn't raise off the back of any pump, should it come, leading into results from Winx.

    I'd like to see the Farm-out settled before Winx results, proving that others are confident in what we have. This should set a higher marker from which success at Winx could leverage.

    Just my thoughts while we wait and the drill bit turns.

    Happy Saturday.
 
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