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33.3%

0.4¢ 88 energy limited

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Ralii

2,745 Posts.

207

16/04/24

11:02

Post #: 73364306
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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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88E Price at posting: 0.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.4¢		Change 0.001(33.3%)		Mkt cap ! $100.4M

Open	High	Low	Value	Volume
0.3¢	0.4¢	0.3¢	$84.16K	25.43M

Buyers (Bids)

No.	Vol.	Price($)
501	695686793	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	227546649	53

View Market Depth

No.	Vol.	Price($)
500	693686793	0.003
119	343298480	0.002
55	331690046	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	227546649	53
0.005	193085179	113
0.006	110504991	99
0.007	219989511	76
0.008	119250130	84

Last trade - 16.10pm 30/04/2024 (20 minute delay)


Last 0.4¢			Change 0.001 ( 2.94 %)
Open	High		Low	Volume
0.4¢	0.4¢		0.3¢	11905786
Last updated 15.54pm 30/04/2024 ?

88E (ASX) Chart