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0.3¢ 88 energy limited

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Ralii

2,760 Posts.

213

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 0.3¢		Change 0.000(0.00%)		Mkt cap ! $86.67M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.3¢	$6.3K	1.6M

Buyers (Bids)

No.	Vol.	Price($)
590	606717603	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	563194667	141

View Market Depth

No.	Vol.	Price($)
588	606087603	0.003
150	359809497	0.002
57	297219895	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	563074667	140
0.005	217710119	113
0.006	123167005	75
0.007	220957613	52
0.008	85243715	55

Last trade - 10.00am 17/05/2024 (20 minute delay)

88E (ASX) Chart