I just don’t get this Propsed buy up - however Could the strategy here be a hedged bet on the oil price bring low. Buy another operator up cheap then sell the whole package when oil is back up - which eventually it will be. Kind of buying up the block next door to your house & extending before you sell it. I can’t see that they would want to explore too much in the current market without further decimation of share holder value - not that there is much of that left.
I just don’t get this Propsed buy up - however Could the...
Add 88E (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.3¢ |
Change
0.001(25.0%) |
Mkt cap ! $57.78M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $301.1K | 150.5M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 37556539 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 590069431 | 163 |
View Market Depth
| Last trade - 13.26pm 08/07/2024 (20 minute delay) ? |
| 88E (ASX) Chart |