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Mr Heman

2,595 Posts.

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27/01/16

14:27

Post #: 16876846
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Originally posted by Wazdan ↑

I do know about the rebate, 85% 2015, 75% 2016
I was asking about your statement of $40million
They have spent over 50 mill doing first drill. 85% rebate is about 40 mill
I was sceptical to a cost of $50mill, but was not sure as to how much the first drill and evaluation would be.
I am pleased to see that the facts are so much better than your guess, as it is only $15.8 mill, and that the rebate will cover the B of A loan.
I like the up front plain speaking, and reporting still of 88E management, it would seem to me that whatever happens with 88E, we as shareholders will be told the facts.

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I have to say things are way better then I expected. I assumed 50 mill becouse of total loan but didnt think that we would not use all the loan. We can say we have with cash and remaining loan and rebate more then 60 mill on hand we are in good hands.

Last edited by Mr Heman: 27/01/16

88E Price at posting: 0.7¢ Sentiment: Buy Disclosure: Held
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Last 0.2¢		Change 0.000(0.00%)		Mkt cap ! $57.86M

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0.2¢	0.3¢	0.2¢	$24.22K	12.06M

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No.	Vol.	Price($)
144	169480905	0.2¢

Sellers (Offers)

Price($)	Vol.	No.
0.3¢	589019947	247

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No.	Vol.	Price($)
143	169430905	0.002
379	1025569176	0.001
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Price($)	Vol.	No.
0.003	569019947	246
0.004	183896421	119
0.005	53044602	44
0.006	50258903	37
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