It tagged 1.4c during the drilling of Hickory.
Since then they've added 4.2billion shares via the RI and Placement.
To achieve the same MC during Hickory at 1.4c, it would only need to tag 1.15cps given the extra 4.2billion shares on issue.
However that ignores the recent attached options that would be in the money at 0.75c.......
Near term, I think the handbrake remains on the sp until we see if Burgundy make the payment due by 31-01-24, or not.
While 88E are fully funded without Burgundy, it would be a major non-endorsement of the project if Burgundy defaults, imo.
Ann: Hickory-1 Flow Test Update, page-8
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Mkt cap ! $57.78M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $47.01K | 19.31M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 100 | 154911817 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 551974746 | 164 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| 88E (ASX) Chart |