88E 50.0% 0.3¢ 88 energy limited

Careful guys., page-22

  1. 3,076 Posts.
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    Always look forward to your comments Gotta .

    As you say, be wary when it starts to sound too good. I am keeping a close eye on things here. I don't have much more to add to the excellent homework some of the guys have been posting in recent days.

    Leaving the twitter hype to one side, the basic strong fundamentals have not changed. The BoD still have serious skin in the game at risk. DW has eluded to positive Rock Mechs, seems to be a formality in reporting but may not be factored into current SP by the market. Domum's research and others indicate clays can be dealt with. Seems to be brittle anyway IMO and higher porosity will mean lower rock strength as well. Internal Resource Estimate maybe before Easter . Commencement of 2D anytime now. Independent Resource Report in April.

    Finally as others state, 88E wouldn't be progressing with the expensive Ice2 if Rock Mechs were looking iffy on success of fraccing based on Ice1.

    Not to mention possible non dilutive means of funding to be announced and potential major Farms In partner.

    I remain very bullish. Only 94.5 bags to go from DW's 1c base to reach his low forecast

    All IMO and if you want to make the serious ROI, hold oppies until end of 2017 (IMO).
 
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