It’s not the investors, it’s 88’s confidence in the market and too many cap raises/ shares on issue. Along with 2 failed wells which cost a heap.
The only way to change sentiment is with back to back successful wells. This is the only well forecasted for 2019 without a FO.
This FO deal is so critical for 88 going forward in my opinion. Anyway hopefully the well comes good and FO.
Ann: Operations Update - Drilling Commenced, page-27
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Last
0.3¢ |
Change
0.001(25.0%) |
Mkt cap ! $72.33M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $23.31K | 11.61M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 141 | 174706314 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 659154728 | 245 |
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| Last trade - 13.08pm 10/10/2024 (20 minute delay) ? |
| 88E (ASX) Chart |