News: 88E 88 Energy Proposes Placing To Raise Up To A$9.8 Mln, page-61

sos,

I'd expect the price to hover around these levels until the new CR shares hit the market 1/5/24.

Right around then, I expect a new round of company puff pieces to allow these domestic
and international institutional and sophisticated investors an opportunity to exit.

I doubt they'd want to hold over the Alaskan summer, which typically is a period of inactivity and share price stagnation.

I expect the puff piece will be some form of resource declaration, with additional info stating all avenues are being looked at in moving the project forward.... Regardless, this recent CR goes no way to doing that. They need to find a way to accessing 100's of millions if they are serious. I don't think they are serious about Alaska anymore and Namibia is the next shiny thing.


Just my Friday musings.

Cheers