88E 0.00% 0.2¢ 88 energy limited

Ann: Year-End Shareholder Update, page-12

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  1. 10,744 Posts.
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    Crazy talk about con. It has no effect on the value of a holders shares. I does mean that the trade is more volatile and not restricted to the .004 to .005 spread. e.g. a 10 to 1 con would result in a spread of .045 to .046 - and that makes trading much easier and the value more precise.

    Further capital raises in order to continue exploration will cause dilution whether the SP is coned or not.

    Consolidation and dilution are par for the course for long exploration programs - its tough for the LT stayers, and of course magic for the guy who buys in just before the strike. Only way to avoid it is engage in capital preservation by e.g. stop losses.

    Please grow up and stop whinging.
    Last edited by JandJ: 20/12/23
 
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