Prepare for the unexpected, page-9

Think we could of all saved ourselves a heep of angst if we had these responses earlier. Thanks to Mike Mike for the link...have bookmarked it now...dahhhh!
Fantastic resource: home page...menu top left...under "Q&A from Dave" 7 March 2017.

http://88ewiki.wikidot.com/

Reply from DW to 88E LTInvestors Group. Questions by David Forsyth after London Conference 5 March 2015...posted yesterday I think (my comments in brackets):

Q:Is there any intention to raise funds prior to Icewine2?

A: Yes we just did. Here is why.
US $20m in cash
US $14m for our share of Ice2
US $3.4m payable which could be cslled anytime (PonyBoy you nailed it looks like...this must be the TPT debt)
US 2.1m in lease payments due June (presume that's for the balance of our new lease holdings right? The ones with 1km thick HRZ wings and unknown conventional potential? )
So-the above uses up all our cash (I like that "our cash" indicates unconcious personal attachment/ownership....nice) with no buffer.
We have said we are funded for Ice2 - which is true - however we are not funded for everything else if things go wrong."

Anyway read the rest yourselves ....typing from a phone here...too hard ....and for some reason I can't cut and paste it...so see top of page 4.

For me it reinforces my view of DW as a standup guy...even though my natural disposition is trust noone!

A holder on one of the threads posted during all the hulla balloo re the CR as a "storm in a teacup". I say ditto! Still glad it happened...raises the hard questions. Thing is...pretty happy that DW isn't afraid to answer them!

Direct...short...sweet...and the foresight to unwind priblems before they eventuate... not running around screaming with hair on fire and hands flapping around in the air when it's too late to do anything about it.

So hope we're all off Defcon 4 alert now...think DW has shown he has a firm grip on the wheel and is doing exactly what he should be doing and has been doing all along...navigating us through the choppy seas to our meeting with destiny with experience, clarity of vision and strategic planning skills beyond reproach really...can't ask for more at this point...can we? Weeeeell....I can't think of anything right now anyway.

Also...plenty of other REALLY good questions and answers in the above site that help demystify and fortify the play beyond the 5 March London conference.

For those LTs that need further reassurance it's a MUST read. For anyone else vested or about to be and "gets" the story it's a GREAT read.

For those that are clueless...check out the menu...provides really easy summary of the 88E story... it's progress ...and why it's touted as "that" once in a lifetime kind of play.

Cheers