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0.2¢ 88 energy limited

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766 Posts.

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14/02/20

13:10

Post #: 42935018
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Originally posted by Boston007: ↑

There are several considerations:

Capitalisation = Share Price x Shares on issue. Currently, 7,100,000,000 shares on issue x $0.023 share price = $163,300,000 capitalisation

Lets say, the drilling shows 400,000,000 barrels of oil to 88e, which is valued at $3.50 per barrel, then 400,000,000 x $3.50 = $1,400,000,000

Reflected in the share price = $1,400,000,000 divided by 7,100,000,000 = $0.20

But there also other assets, such as: HRZ, Yukon, and other.

In essence , it is the value of the assets, valuations vary depending on the technique employed, divided by the shares in issue. However, there is usually an overshoot in the price due to: competitive bidding, heightened expectations, and emotional factors. I would expect a price range between $0.20 to $0.50, clearly depends on the drilling results and subsequent valuation.

The constraint on the share price going ballistic is the number of shares in issue, but $0.40to $0.50 would be good for me.

Bos

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Thank you kindly for your detailed evaluation really appreciate it.

88E Price at posting: 2.3¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 0.2¢		Change -0.001(20.0%)		Mkt cap ! $57.86M

Open	High	Low	Value	Volume
0.2¢	0.2¢	0.2¢	$20K	10.00M

Buyers (Bids)

No.	Vol.	Price($)
182	174177231	0.2¢

Sellers (Offers)

Price($)	Vol.	No.
0.3¢	599471151	243

View Market Depth

No.	Vol.	Price($)
179	173477231	0.002
268	730200131	0.001
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.003	557476098	231
0.004	175890997	109
0.005	53979999	45
0.006	92942006	34
0.007	41442109	25

Last trade - 10.00am 18/10/2024 (20 minute delay)

88E (ASX) Chart