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05/05/18
23:02
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Originally posted by Red Adair
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Hi all
Well said Spinney that is a good overview of the situation except for one item and that is this David Wall has more invested in this company than any investor has right now
Dave, Paul,Steve and the entire 88e research team have invested their money and time in proofing this Exploration up to this date - they have invested their lives
And with Paul’s untimely death it will have only spurred David/Co onto chasing and closing out on this great deal
Yes we invest money with a hope that it works out for us - some investments do and some don’t
Dave /Co set up strategy for proofing this and realised it would take time and there would be times where they would move forward 3 steps then pull back 2 steps to say
This is one of the biggest exploration plays moving forward and it will need time to potentially successed
Meeting after meetings offers after offers and potential partnership deals everything takes
I have now been over there three times and this a highly sensitive play that is going down and understanding this I keep on investing as I understand the play and the end potential opportunity that really exist
Whilst Dave would like to talk to us he can’t, shouldn’t and will not except through ANNs and a quiet get together we’re he remains tight lipped and must
I realise there are lots of investors on this forum that must be disappointed as they have put their hard earned and hopes into this deal and Dave and Paul/Co
Pangis2 I understand your frustration but you must realise that this play is much bigger then any of us including yourself
It is natural to be concerned but your decisions must be your remember anxiety is rife in the investment game
David is fully aware that he has the weight of the investors on him and a lot more personally now
I said in a post back in 2015 that this would take minimally from somewhere between 2018/19 to start proofing - nothing has changed except Paul Has has passed away and Dave and Team have had to gather themselves at the same not dropping the ball
They have done a wonderful job in picking up considering where their emotions and feelings would have been at the time of Paul’s
Death
Tough ask but they are extremely motivated to make this happen
This will always go sideways and it will have its ups and downs whilst it is engaging towards the end goal
Some will not like the ANNs- some will get nerves and sell, others will play games getting investors into a state of panic selling , others will simply panic and then there are those that will remain waiting then buying and more waiting
This a huge waiting game
Capital Raising will happen and must occur and I will assist them where I can having instructed my broker on what I want him to do
I can’t tell anyone what to do but I can tell you where I am and that is in an extremely good place
Dave hit this ball right out of the stratosphere to all corners of the earth and let the money makers see what a great deal they have at their door
To all investors it is your decision what you do but think carefully and choose wisely and not on emotions
This entire play is simply a time thing that is needed to proof itself up
I don’t post much but advice that I do read all posts
Good luck to all and happy mother’s day to all and I am thinking of Mrs Besanko at this time
Go Dave ride this train home
Regards
Red Adair
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right or wrong, its all meaningless, end result is most important part... if IW2 failed badly, he can keep playing conventional farm-out, if that failed too, Red, I will be so touched with what you said or will say the same thing again, except you DO not have any holding by that time...
as I said before, our money is used to pay them, which they deserves if they did what they say...fail fast ! or success fast, not slow games, bit more and more lease............It will be really funny, if next ann is that they bit another lease, what will you say Red after that?