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33.3%

0.2¢ 88 energy limited

Ann: Investor Presentation AGM April 2019, page-46

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spinefx

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16/04/19

14:18

Post #: 38162560
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Originally posted by Lazarus65 ↑

Hi Spiney....it is a bit grey...at least until the quarterly report is issued. The unknown is Q1 2019 expenditure (unless I have missed it). So we either have:

$17m cash balance at 31 Dec 2018 with 2019 projected expenditures of $12m (leaving $5m blanace prior to any Winx bond rebate from SoA - of $1.2m); or

$12.5m cash balance as at 31 March 2019 with remainder of 2019 expenditure projected as $12m minus "x", where "x" is the amount spent in the quarter just completed.

Hopefully the two reconcile unless "x" was a blow-out. Which of course, we know it wasn't as Winx was on budget and that was the primary driver of Q1 expense.

I guess the crux of it is whether the $12m is full year 2019 projection (as I am assuming) or whether it is the 'remainder of 2019' projection as you are assuming.

Quarterly report will shed light.

All IMO and GLTA.

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Thanks Laz,

That makes sense to my small mind now.

"Bring on the Quarterly", he said shouting like a Town Crier.

Cheers
88E Price at posting: 1.4¢ Sentiment: Buy Disclosure: Held
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