kansas,
As I'm sure you are well aware, 88e is a spec Oil and Gas company, even with a Farm-out they still will not generate any income in the near term.
So up front cash as part of the Farm-out will more then likely be chewed up in exploration, lease and admin costs. The Icewine conventional is not the only project on the books, if the Farm-out can focus on that, that leaves 88e to run a more focused program on Yukon, Western leases or the unconventional.
So, yes, I agree, there will be more CR's but I'm not sure we should be labelling shareholders fools, it's our money and our strategy, each to their own. Every circumstance is different.
For a lot of people to simply sell, would mean to crystallise a loss, some of these shareholders still believe they will get their money back plus some.
Whether they are dreamers or gamblers, they most definitely are not "fools".
Cheers, happy Thursday
LSE tonight, page-11093
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Last
0.2¢ |
Change
-0.001(20.0%) |
Mkt cap ! $57.86M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $78.15K | 38.57M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 122 | 120098264 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 583908266 | 234 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| 88E (ASX) Chart |