Ann: Hickory-1 - BFF Maiden Contingent Resource Estimate, page-217

I think if the 0.005’s finish and we hit 0.006 when the drill hits the ground we should see 1c+, as I feel the majority of LSE/OTC support 88 more than the ASX holders imo. Also they seem not too concerned or possibly not even know that 88 are doing a consolidation at AGM in May. I have spoken to some in UK SH’s who weren’t aware, like some on ASX. HC doesn’t reach the majority of SH’s.

If SP still languishes at 0.0045-0.005 when drill hits the ground then imo unlikely to hit 1c+. Also if first critical flow test fails which is possible, then it’s not going to be good for SH’s and SP will get smashed. Simple scenario imo.

This is the most difficult drill we have ever done to read the market, due to 88 announcing a consol is coming, which has damaged market sentiment big time imo. To be frank this is my worse nightmare as hold heaps but low average, so hopefully will exit at profit before completion of flow testing. None of us want to be stuck holding after flow test when consol happens imo.

Really is a difficult read this drill imo to work out the SP movement as DW no longer here and new MD since taking over hadn’t inspired the SP or the market. GLTA we all need it now, no thanks to 88 imo.