Exactly Older.... Where are the pumping cheer squad who understand nothing...
The reality now of what's coming this week and May is my only focus and concern... So, I am bailing and sold most of my 0.004/0.0045/0.006c orders over past 2 weeks or so at 0.0055 - 0.007c and last Friday and today ramped up my selling, as CR 100% coming very soon imo... So, who cares about flow rates in today's RNS... We have bigger issues at hand imo.... Now it's all about exiting....
Just do the math, 88 had $18.2 Mil in bank end of Dec, this well would have cost over $16 Mil (88's - 75% working interest) as total now would be $21-$23 Mil imo, extra costs due to delays, leaving around $700k left in bank today...
88 burnt at least $1.5 Mil on Remuneration/Admin (totally unacceptable imo) up to end of March, now another $500k+ burnt for April = $200k left for May... Give or take a 100k or 2, lol...
So come May 88 will be absolutely broke imo and no time to organise a JV imo, so they will be adding at least another 5 billion shares at 0.004 raising $20 Mil is how I see it.... Let's hope LSE hits 0.0065/0.007 and we all exit out before CR comes imo...
That's how I see it and couldn't care less about this well now, as nothing will happen till 2025 now.... Think about the bank balance sums guys and then make your decisions... I have, GLTA......
Exactly Older.... Where are the pumping cheer squad who...
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Last
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Change
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Mkt cap ! $115.5M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.3¢ | $85.34K | 21.97M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 540 | 670161300 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 347726457 | 89 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 0.3¢ | 0.4¢ | 0.3¢ | 29274106 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| 88E (ASX) Chart |