Ann: Quarterly Activities Report & Cashflow, page-18

JJ None taken. I was beginning to think some of the posters may read the wrong update, PANR’s perhaps.
But now that you’ve pasted some of the highlights, we are definitely on the same page but with different perspectives.

Almost nothing in that update was new (apart from they’ve spent ~$5mil in the last quarter, with $3.3 mil for Exploration and evaluation), their cash held isn’t enough to cover the cost of the drilling.

It sounds good to someone who’s new to 88e seeing list of projects, vast acreage, a planned drill for first quarter (time ticking fast) and $14 mil cash in the bank with no debt. But it was missing finer details which may not be material to you.

Yes I get that for holders (I’m one of them) it’s reassuring 88e has something going this year, we’ll kind of, and I also get the pattern sp follows every year, lots of excitement and some profit.

I’m not concerned with what’s in the update, I’m concerned with what’s left out.