The SP is at near historical lows for a reason Bill.
Not because someone posts a message in here stating there will be a raise (which there will be, like clockwork).
It's due to years of false dawns and promises. Years of duster after duster!
One must question whether 88e could actually find oil even if they were in the middle of a rich Saudi oil field, they would probably still miss.
The stock is diluted to oblivion, not many seem to trust management, the comms are poor and that's an understatement.
Yes, the flow testing will happen, but the market knows that this is still 7-9 months away, why rush to buy in now when the raise price has not yet been revealed?
Struggling to see an argument for it personally, I will scoop up at 0.5 or even 0.4, thank you kindly.
All in my opinion.
The SP is at near historical lows for a reason Bill.Not because...
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Last
0.2¢ |
Change
-0.001(33.3%) |
Mkt cap ! $57.78M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $36.62K | 15.35M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 621 | 874601304 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 509937628 | 127 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| 88E (ASX) Chart |