Why then did the Share Price decrease on both the Farm-Out and the Capital Raising? Even remains low at $1.3 cents?
There is no problem with the leases potential, but there appears to be a problem with the financial management.
The problem of financial management is what is being propagated on LSE and ASX Hot Copper; where expenditure is excessive and the strategy, if there is one, is being viewed as impotent by the market.
Bos
News: 88E 88 Energy Ltd Announces Placement To Raise A$6.75 Mln, page-57
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.86M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $28.45K | 14.17M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 251 | 272180066 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 575127804 | 201 |
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| Last trade - 16.10pm 07/08/2024 (20 minute delay) ? |
| 88E (ASX) Chart |