Appears to be the usual practice now in London. In the past, there were good profits to be had with 88 Energy from taking the placement shares and holding in the run up to the next drill. This no longer happens. Oilman Jim sums up the recent announcements:
https://oilman.beehiiv.com/p/oilman-jims-letter-28-april-2024
Is the lack of returns for investors down to the change of management?
Are the placements forward sold now?
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Last
0.3¢ |
Change
0.001(50.0%) |
Mkt cap ! $86.67M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $39.44K | 15.00M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 532 | 782991733 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 493356193 | 134 |
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| Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
| 88E (ASX) Chart |