As much as I'd like to see 30c+, we need to bear in mind that there are now 3 bn shares on the register. Therefore the company has to be valued at $900m. In the tpt days 30c times 500m shares only meant $150m market cap. (Can't remember the exact amount of shares but the point is we have been diluted like a UDL drink.)
Having said all of that it looks like they have something big enough to give it a fair rock n roll in the next few months. If it could get to 10 or 20 cents on top notch results a decent takeover can do the rest of the lifting.
Apart from the oil in the ground, 88e's best asset is Wall. This is the guy u want negotiating with bp or Exxon or whoever wants a piece.
As much as I'd like to see 30c+, we need to bear in mind that...
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.86M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $55.76K | 27.88M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 340 | 940634314 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 6254489 | 4 |
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| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| 88E (ASX) Chart |