IMO This explains why they continue to get away with failure after failure, no accountability by the unacceptable decisions and out of control dilution. So 15 billion SOI which will be 20 billion by 2023, all just punters riding the SP volatility. Lol.
IMO Companies just like sports bet, obviously the market and Instos don’t consider 88 as a viable oiler. I guess the biggest holders are the board and 3rd party contractors. Yep life style company in my opinion.
This explains why no instos are interested, they see right through what 88 is and does. Not a good look is it. This explains why no changes haven’t been forced I guess.
To date the oil-in-place volume is estimated at 23 billion barrels, page-79
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Last
0.2¢ |
Change
-0.001(33.3%) |
Mkt cap ! $57.78M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $414.0K | 206.7M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 456 | 500755346 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 589539738 | 145 |
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| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| 88E (ASX) Chart |