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
- Forums
- ASX - By Stock
- Ann: Hickory-1 Flow Test - Second Light Oil Discovery
I think this confusion in the RNS, provides opportunity to...
-
- There are more pages in this discussion • 63 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add 88E (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $75.37M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $22.93K | 7.643M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
483 | 700221387 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 223068207 | 49 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
482 | 700054721 | 0.003 |
120 | 343449480 | 0.002 |
56 | 341710045 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 223068207 | 49 |
0.005 | 195525179 | 119 |
0.006 | 110824153 | 100 |
0.007 | 220888336 | 78 |
0.008 | 120750130 | 87 |
Last trade - 10.35am 30/04/2024 (20 minute delay) ? |
|
|||||
Last
0.3¢ |
  |
Change
0.000 ( 11.8 %) |
|||
Open | High | Low | Volume | ||
0.4¢ | 0.4¢ | 0.3¢ | 993804 | ||
Last updated 11.03am 30/04/2024 ? |
Featured News
88E (ASX) Chart |