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0.3¢ 88 energy limited

Ann: Hickory-1 Flow Test - Second Light Oil Discovery, page-124

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jackkkk

476 Posts.

41

16/04/24

21:40

Post #: 73376180
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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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Accurate summary OW

88E Price at posting: 0.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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(20min delay)
Last 0.3¢		Change 0.000(0.00%)		Mkt cap ! $86.67M

Open	High	Low	Value	Volume
0.3¢	0.4¢	0.3¢	$1.308K	432.0K

Buyers (Bids)

No.	Vol.	Price($)
600	615937326	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	566803693	141

View Market Depth

No.	Vol.	Price($)
600	615937886	0.003
151	358705305	0.002
56	297199895	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	566803693	141
0.005	268328557	116
0.006	125375899	80
0.007	223901681	57
0.008	85243715	55

Last trade - 13.40pm 16/05/2024 (20 minute delay)


Last 0.4¢			Change 0.000 ( 16.7 %)
Open	High		Low	Volume
0.3¢	0.4¢		0.3¢	13031000
Last updated 13.46pm 16/05/2024 ?

88E (ASX) Chart