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0.2¢ 88 energy limited

Ann: Quarterly Activities Report & Cashflow, page-44

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roy_boy71

1,184 Posts.

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15/07/22

15:47

Post #: 62557333
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Originally posted by docmin24: ↑

Enjoy the price increase guys from riding the PANR successful coat tails. Imagine if they run 88 would we have so many failures and blown well over $200+ mil. One has to ask the questions.

88 What an overly expensive cash burn rate for staff and admin $1.3m a 1/4. Seriously this is a problem given the constant drilling with poor survey data, wrong locations and drilling mistakes. 88 to me certainly looks more like a life style company than a serious oiler imo. But money to be made if one focuses away from the BS and look at historical facts. Okay play book is predictable imo.

Concerning that cash almost gone only $10 mil left even though PANR will be a FO if success found in coming weeks. I Expect another massive dilution CR coming much sooner. If SP hits 2c+ would be the trigger imo. One has to think about an exit, would CR be done before or after PANR drilling results. That’s all that is coming for 88 in next few weeks to maintain SP in my opinion.

So exit strategy well and truly in play as SP will certainly go south after PANR and the CR. The pumpers can pump all they like facts are facts. GLTA.

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Looking for that 0.08 cent re-entry doc?

88E Price at posting: 1.4¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 0.2¢		Change 0.000(0.00%)		Mkt cap ! $57.86M

Open	High	Low	Value	Volume
0.2¢	0.2¢	0.2¢	$1.039K	519.6K

Buyers (Bids)

No.	Vol.	Price($)
363	994625227	0.1¢

Sellers (Offers)

Price($)	Vol.	No.
0.2¢	101395656	19

View Market Depth

No.	Vol.	Price($)
360	954625227	0.001
0	0	0.000
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.002	101395656	19
0.003	483877986	194
0.004	169717194	90
0.005	59150254	46
0.006	45736222	32

Last trade - 09.59am 13/11/2024 (20 minute delay)

88E (ASX) Chart