I think it was a highly questionable behaviour for management to agree to pay the contractors in shares.
That was obviously interpreted by the market as some kind of signal that they’ve struck oil and it’d be a successful drill.
At that point the sp was at 1.8 - 2 cents, after that point the sp starting going up astronomically.
Ann: Operations Update, page-410
Add 88E (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.86M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.1¢ | $27.03K | 13.91M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 359 | 956509315 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 8325743 | 6 |
View Market Depth
| Last trade - 14.55pm 08/11/2024 (20 minute delay) ? |
| 88E (ASX) Chart |