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16.7%

0.4¢ 88 energy limited

Ann: Hickory-1 Flow Test - Second Light Oil Discovery, page-118

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joseph1652

4,759 Posts.

538

16/04/24

20:27

Post #: 73375314
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Originally posted by olderwiser: ↑

I think this confusion in the RNS, provides opportunity to capital raise at a better price than a clear picture would have allowed.
Then once a capital buffer is in place, the consolidation will be pushed
From there the consolidated price will erode sharply
Effectively diluting current shareholders into minor holders
Management will gain a significant stake from the 2.5 billion share kitty being created as performance shares
The reset will have completed to begin again, with a few hundred million shares on issue, and a market cap in line with a new explorer

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YES older ,it has been the same same for 5 year plus

88E Price at posting: 0.5¢ Sentiment: Sell Disclosure: Not Held
2 Upvote

0 Great analysis

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(20min delay)
Last 0.4¢		Change 0.001(16.7%)		Mkt cap ! $101.1M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.3¢	$33.96K	9.943M

Buyers (Bids)

No.	Vol.	Price($)
630	637092900	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	596711646	143

View Market Depth

No.	Vol.	Price($)
630	637092900	0.003
147	356639497	0.002
55	286229851	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	597211646	144
0.005	267782103	114
0.006	103829500	70
0.007	216862952	47
0.008	83243715	55

Last trade - 13.34pm 21/05/2024 (20 minute delay)


Last 0.3¢			Change 0.001 ( 14.3 %)
Open	High		Low	Volume
0.3¢	0.4¢		0.3¢	17656665
Last updated 14.12pm 21/05/2024 ?

88E (ASX) Chart