G88 is a speculative stock. Global financial situation is in a...

G88 is a speculative stock. Global financial situation is in a precarious state after recent run on banks in US, and continuous interest rate rises around the world. Seems like, there is a bit pause before another storm.

In my view, gone are days for easy money. So, management across all the small and emerging exploratory mining companies would be cautious in spending in weeks and months to come knowing it wouldn't be easy to get money from the market.

In relation to broker, Mahe Capital Pty Ltd, I think it wouldn't mind selling unsubscribe shares at a lower price just to get its money back should the global financial situation worsens. If that happens, G88 may drop down to 0.005 or 0.5 c. Look on Friday 31 March 2023, 2.36 million G88 shares were traded dropping G88 share to a new low 1.3 c. This is about business, so Mahe Capital wouldn't care to release 36 million shares but who knows?

So, I don't see G88 going anywhere in months to come. Given the global financial situation, as it is at the moment, I would park my funds in a bank rather than buying speculative stocks.

DYOR