88E 0.00% 0.2¢ 88 energy limited

ASX Today, page-8679

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    I think this hits home at the root cause of our recent share price plunges. I was expecting to see 88E trading in the 6-8c range before the flow rates were announced (and indeed we were) but then the last two announcements came out that didn't really sound positive, kinda mighta have sounded a bit neutral but to a lot sounded a bit vague and doubtful, and we plunged (twice).

    I'm not sure what the answer is - maybe DW needs to write announcements like he has been, but then put in an explanation from PB as to what it means - I don't know. But I know that we can't keep rising and plunging like this every week or else we will just keep spooking investors and then the company will unfortunately earn a reputation for having a SP that varies wildly which isn't what solid investors are looking for - and once we get past these flow results and move into the next phase then we really need a solid, confident investor base.

    Another option might be a simple six slide presentation to investors on what the procedure is for the next few weeks until we get flow rates.
 
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0.3¢ 0.3¢ 0.2¢ $31.76K 15.34M

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17 14573501 0.2¢
 

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