There are so many variables at play here that I won't even try to guess, but we have 4.5 (?) billion shares out there and we're talking many billions of dollars in assets if the play is proven to be a viable one for production and a JV offer or major buy out is put on the table. 88E have said they are not interested in production; they are an explorer, so the buck stops at proving up the play and selling off the land rights / company to a major. The more proven it is, the more valuable it becomes.
Considering the share more than ten-bagged off the sampling of good hydrocarbons being down there alone, I'd like to suggest that if/once the company becomes an attractive candidate for JV or buy out then we could see much heavier multiplication than that. No reason in my eyes that $1+/share wouldn't be attainable at some point if the expected circumstances are met. My own loose calculations actually put it much higher than that, but I don't want to get people's hopes up more than I already have![]()
- Forums
- ASX - By Stock
- Thank You
There are so many variables at play here that I won't even try...
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add 88E (ASX) to my watchlist
|
|||||
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $86.67M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.2¢ | $17.86K | 6.334M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
226 | 344974338 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 612981114 | 227 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
225 | 334974338 | 0.002 |
300 | 1103737958 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 592431114 | 223 |
0.004 | 264253516 | 105 |
0.005 | 78854763 | 58 |
0.006 | 34287906 | 36 |
0.007 | 21019925 | 22 |
Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
Featured News
88E (ASX) Chart |