Proactive Investors interview, page-29

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Pangzi2

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24/03/19

13:12

Post #: 37865967
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Originally posted by olderwiser: ↑

Firstly Doc I commend you for having the courage to ask the hard questions, it adds considerable depth to the discussion. My take to date is a little different, but that makes for a better informed process.

Winks

The numbers for this play made it worth an attempt, 25% COS is 4 to 1 against success, 6m spent on around 100m return on success is odds in favour. Even odds would have been if 24m was the expected return, so agree with Dave 88E is a risk taking company and the odds were good.

What worries me is that the IW conventional portfolio could not generate good enough odds to compete with the Winks proposition. Logically that must be the case otherwise Winks would not have happened, 88E will always pursue the most accretive deal. In the proactive interview from around 4.30 to 5.0 minutes the conventional farmout deal sounds weak to me, in both word selection and tone. I expect a deal offered no where near expectation. 88e is not obliged to take a bad deal as they have a few irons still in the fire and the time to wait and see.

IW unconventional

This play is what most came to 88e for and is still an enigma, IW2V did not match the expectation created from the data generated by the IW1 core samples. There is a fundamental mismatch between modelling and results that have been achieved. An upside is possible if the work being done and due in a few weeks unlocks the puzzle.

On the negative side I don't follow the theory of gas in the lower HRZ being the problem. Too much gas interfering doesn't stack up against the fact that gas flow virtually stopped in both flow attempts.

Yukon

As a current discovery it has real potential when matched against the developing infra structure in the area. Size is the constraint, if the 3d shows up a larger target there is potential for a decent return, not spectacular as hoped for with IW1 but good enough to mend the wounds to date.

Weighing it all up I have adjusted to sell sentiment for now

Expand

in regards to ur conventional arguement, personally i disagree . the time of 3D finished and result ready is planned for farm out in the first place, considering limited fund... if there was negativity, they will downgrade the prospective resource instead of net increase... no point to adjust ur sentiment, market will define its own way!

88E Price at posting: 1.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last 0.2¢		Change 0.000(0.00%)		Mkt cap ! $57.86M

Open	High	Low	Value	Volume
0.2¢	0.2¢	0.2¢	$2.342K	1.171M

Buyers (Bids)

No.	Vol.	Price($)
333	954782315	0.1¢

Sellers (Offers)

Price($)	Vol.	No.
0.2¢	46429901	14

View Market Depth

No.	Vol.	Price($)
392	1227558997	0.001
0	0	0.000
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.002	5375412	5
0.003	578667432	226
0.004	223019047	110
0.005	59085042	48
0.006	35128234	35

Last trade - 10.00am 06/11/2024 (20 minute delay)

88E (ASX) Chart

Proactive Investors interview, page-29

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Proactive Investors interview, page-29

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