Welcome to the stock market!
If you have sold today and lost 50k, well, that sucks, but you haven't lost anything until you sell. Secondly, if you have any time to wait, consider these things:
1) How much is 1.4 billion barrels (subject to working interest) of oil worth to 88E shareholders come production time? Hint: It is worth more than 4.7 cents a share. Hang in there.
2) How much is 1.4 billion barrels of oil worth to any company considering a takeover offer? Hint: It is worth more than 4.7 cents a share. Keep hanging in there.
3) How much is 1.4 billion barrels of oil worth to a company wanting a piece of the 88E action? Who knows!? But if they can help us to get the black stuff out of the ground, see point number one. Even a lesser percentage of 1.4 billion barrels than we have now is worth... In my opinion... More than 4.7 cents. You guessed it... Dig those nails in son and hang on for dear life! Otherwise, if you want to go giving money away, please message me and I will provide my bank details (from which I use the newly-acquired funds to buy more 88E shares).
Oh, and did I mention that the company may actually have more than 1.4 billion barrels of oil...?
Just a thought...
AP.
Welcome to the stock market! If you have sold today and lost...
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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¢ | $72.44K | 36.26M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 392 | 1066067236 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 58783555 | 8 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| 88E (ASX) Chart |