Imo Bert the company has excuted this quite well.
Yes we may being seeing a little sp pain over the next few months but the potential prize in considerable for those prepared to take the plunge.
The fact that the Funds/Instos are keeping this at current sp is only so they make their cut. When you have considerable stock to sell down at 10-20% profit then they will bracket it to do so. We all know how mercenary they can be.
The 25M was raised with a significant uptake by larger funds/instos and whos to say they arnt in it for more (highly likely imo) given the last raising was significantly oversubscribed.
It is the way of the investment world for an sp to be weaker whilst developments are, well, developing.
Its probably better to set the bar low in terms of the sp and if we do get decent movement prior then it will be a pleasant surprise. But for many here its the end prize that we're after anyway. And like I said before, the longer the traders have to suffer nothing happening the more likely the stock moves into LT hands and the sp will move according to those LTermers expecatations rather than having to wade thru too much trader volume as I think we have the necessary trader involvement in any case given the daily trading volumes.
d.
“Logic will get you from A to B. Imagination will take you everywhere” Albert Einstein
- Forums
- ASX - By Stock
- 88E
- Ann: Operational Update - Significant Progress on all Fronts-88E.AX
Ann: Operational Update - Significant Progress on all Fronts-88E.AX, page-169
-
-
- There are more pages in this discussion • 18 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
(20min delay)
|
|||||
Last
0.3¢ |
Change
0.001(25.0%) |
Mkt cap ! $72.33M |
Open | High | Low | Value | Volume |
0.2¢ | 0.3¢ | 0.2¢ | $5.009K | 2.249M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
47 | 96266624 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 600926597 | 231 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
44 | 94218124 | 0.002 |
208 | 873200197 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 573070687 | 218 |
0.004 | 278897334 | 106 |
0.005 | 70727422 | 50 |
0.006 | 31711322 | 34 |
0.007 | 18363917 | 20 |
Last trade - 15.56pm 23/08/2024 (20 minute delay) ? |
Featured News
88E (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online