Can someone tell me why 88E has such a large market cap? Is it purely a speculative valuation? I'm just trying to gauge how far 88E could fall if these latest results turn into a duster. At a $200m market cap, it seems it could be a a long way unless they own a lot of assets. I know they have about $30m cash, so I'm guessing $50m could be a bottom on the back of lackluster results?
Sorry for my ignorance, while I've watched 88E for a while, I'm relatively uninformed on their history.
Ann: Hickory-1 Operations Update, page-113
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Last
0.2¢ |
Change
-0.001(33.3%) |
Mkt cap ! $57.78M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $18.97K | 6.925M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 131 | 201044962 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 662811769 | 190 |
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| Last trade - 13.43pm 11/07/2024 (20 minute delay) ? |
| 88E (ASX) Chart |