it's an either / or thing
Either they secure a farm-out OR they secure a "strategic investment" (another way of saying CR).
Certainly points to the CR being aimed at the "smart money" with big pockets rather than retail investors.
That's a good thing - it removes the risk of SP dropping to CR level due to short-term stag trading.
Ann: Investor Presentation-88E.AX, page-34
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Last
0.2¢ |
Change
-0.001(33.3%) |
Mkt cap ! $57.86M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $94.39K | 46.29M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 151 | 157963448 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 585749288 | 237 |
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| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| 88E (ASX) Chart |