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0.3¢ 88 energy limited

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davycrockett

1,415 Posts.

114

14/02/20

16:57

Post #: 42941242
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Originally posted by Boston007 ↑

There are several considerations:

Capitalisation = Share Price x Shares on issue. Currently, 7,100,000,000 shares on issue x $0.023 share price = $163,300,000 capitalisation

Lets say, the drilling shows 400,000,000 barrels of oil to 88e, which is valued at $3.50 per barrel, then 400,000,000 x $3.50 = $1,400,000,000

Reflected in the share price = $1,400,000,000 divided by 7,100,000,000 = $0.20

But there also other assets, such as: HRZ, Yukon, and other.

In essence , it is the value of the assets, valuations vary depending on the technique employed, divided by the shares in issue. However, there is usually an overshoot in the price due to: competitive bidding, heightened expectations, and emotional factors. I would expect a price range between $0.20 to $0.50, clearly depends on the drilling results and subsequent valuation.

The constraint on the share price going ballistic is the number of shares in issue, but $0.40to $0.50 would be good for me.

Bos

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Hey Bos, if it gets to $0.40 to $0.50 , there will be a lot of people heading for the ( myself included).

cheers dc

88E Price at posting: 2.3¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 0.3¢		Change 0.000(0.00%)		Mkt cap ! $72.33M

Open	High	Low	Value	Volume
0.3¢	0.3¢	0.2¢	$34.90K	17.35M

Buyers (Bids)

No.	Vol.	Price($)
89	109725682	0.2¢

Sellers (Offers)

Price($)	Vol.	No.
0.3¢	645753856	232

View Market Depth

No.	Vol.	Price($)
89	109725682	0.002
485	1215729524	0.001
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.003	645753856	232
0.004	184865275	118
0.005	109600055	45
0.006	51978654	40
0.007	39505108	24

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