mate a classic stock for me and the old SOI argument is 88E mate it has 25 Billion SOI...
they still manage to raise capital, continuously drill for O/G ...they have nothing, never have but they have $25 B SOI...and are currently sitting at $100m MC....just incredible that story and company...absolutely bizarre
we are currently sitting at just over $50m mc with so much more than they have and many other stocks have...
at least there will be liquidity for those who want to sell and move on or buy and stay...
I personally dont play with stocks with such low SOI... too hard to accumulate the size of holdings I normally go for unless you go in their raises..
each to their own I guess....
just for comparison ...yes I know we are not an o/g stock but 88e hit $1 B mc based on 1 drill possibly hitting o/g and unfortunately it didnt and we can see what happened but they hit $1 BILLION MARKET CAP.... just insane...
Ann: Voluntary Suspension, page-144
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Last
0.9¢ |
Change
0.001(12.5%) |
Mkt cap ! $38.92M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.9¢ | 0.8¢ | $2.533K | 315.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 832086 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 5760915 | 12 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| SPX (ASX) Chart |