Sorry, that's incorrect, people invest to make money and to be perfectly frank, we all should be making money like every other O/G coy that flows oil... EXR are where again, 6c-15c, PCL 8c -28c and both will go much higher...
88 have a long history of massive costly mistakes and poor decisions imo... We are in this terrible situation, 100% due to poor management, poor decisions, poor planning and poor communications made over the past few years (PPPP) imo... Our skillset is also subpar imo as we consult everything and PANR have to assist with flow testing, our lot stay home and don't answer SH's calls or emails imo... Don't forget the years of wasting money and unnecessary dilution by drilling in wrong locations using poor data....
Our new team recently made 2 critical terribly worded RNS's which trashed the SP and destroyed our ability to make money in 88 well before completing a drilling program imo... That's why they all have to go and replaced by a new team imo... Their positions are no longer tenable as non-SH's imo...
1. BOP RNS saying they might not finish drilling or reach TD at Hickory last winter... SP crashed was 1.4c then straight away back to 0.008/9 then collapsed to 0.004c and found oil - Fact imo...
2. Mentioned consolidation in Dec prior to flowing oil, unforgiveable and stupid decision made by 88 imo, and again SP failed to rally 0.004c -0.007c, terrible company decision, as oil flowed... Another FACT imo and that's why they all have to go as this team we have added almost 20 Billion SOI in 3 years and SP records reached, year after year, BUT these records are all-time lows, now we are at 0.003c and further to fall once they consolidate imo...
When are they drilling next, not until 2025/26 as will be broke in a few month's time, as they burn $500+k a month on salary/admin costs...
So imo we aren't the problem the company's Mangement are imo... They all have to be accountable for these stupid SP destroying mistakes as 88's market sentiment/reputation is well and truly trashed big time imo... So, that's why they ALL have to go before they cause any further damage to actual investors investment imo as ALL but 1 has never bothered to invest 1c, only take, take and take imo...
So, guys VOTE AGAINST and send a strong message imo....
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Sorry, that's incorrect, people invest to make money and to be...
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Last
0.3¢ |
Change
0.001(25.0%) |
Mkt cap ! $72.33M |
Open | High | Low | Value | Volume |
0.2¢ | 0.3¢ | 0.2¢ | $5.009K | 2.249M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
47 | 96266624 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 600926597 | 231 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
44 | 94218124 | 0.002 |
208 | 873200197 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 573070687 | 218 |
0.004 | 278897334 | 106 |
0.005 | 70727422 | 50 |
0.006 | 31711322 | 34 |
0.007 | 18363917 | 20 |
Last trade - 15.56pm 23/08/2024 (20 minute delay) ? |
88E (ASX) Chart |
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