Tossed the coin and tales never fails so I’m in for the ride.
it’s very difficult to understand the potential value, new to oil stocks and have been trying to plan an exit strategy.
Assuming 88e announce an oil discovery tomorrow or Monday
MDM Permian with much smaller oil find and smaller market cap had massive gains as follows:
0.02 pre announcement
0.94 at peak which is 40x:
March 9 - 0.02 usd
March 10 - 0.25 (12x)
March 11 - 0.50 (25x)
March 12 - 0.59 (30x)
March 15 - 0.41 (20x)
Now settled around 0.22 (market cap $55m) MDM have
8.6 million barrels so around $500m retail
88e sit around 650 million barrels of oil x $60 = $39bn retail divided by 2 as its shared
12 billion shares Imo with the hype and potential size of this thing, maybe I’m naive but surely we could easily see around $3-4b market cap which 12.5b shares is $0.30 odd cents plus spikes, potentially 50-60 cents
Am I In the clouds?
- Forums
- ASX - By Stock
- 88E
- Ann: Operations Update
Ann: Operations Update, page-320
-
-
- There are more pages in this discussion • 58 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add 88E (ASX) to my watchlist
|
|||||
Last
0.3¢ |
Change
0.001(50.0%) |
Mkt cap ! $86.67M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.2¢ | $10.05K | 3.566M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
152 | 214316072 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 581110328 | 194 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
145 | 201116072 | 0.002 |
296 | 1060611451 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 554266788 | 190 |
0.004 | 255113964 | 107 |
0.005 | 74075951 | 56 |
0.006 | 118026039 | 39 |
0.007 | 24406369 | 26 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
88E (ASX) Chart |