88E 20.0% 0.2¢ 88 energy limited

I think it was a highly questionable behaviour for management to...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 2,791 Posts.
    lightbulb Created with Sketch. 221
    I think it was a highly questionable behaviour for management to agree to pay the contractors in shares.

    That was obviously interpreted by the market as some kind of signal that they’ve struck oil and it’d be a successful drill.

    At that point the sp was at 1.8 - 2 cents, after that point the sp starting going up astronomically.
 
watchlist Created with Sketch. Add 88E (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.