In two words the answer as to why you would buy 88E is Dave Wall.
This bloke is a certified genius at putting the FOMO into the belly of the average mug punter. He has to be the most market savvy CEO in the junior resources sector of the ASX. In terms of company promotion and generating a buzz this guy is unbeatable.
My view is that Wall will now drip-feed the market will little bullish snippets, see todays announcement, between now and February and by so doing he will raise the tension surrounding the drilling and of course the SP.
I have been accumulating 88E over the past month and am averaging 0.0065. My TP is 1.2 to 1.4c sometime in February/March. If they strike commercial oil then you can multiply that by 3.
WHY BUY 88E, page-22
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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¢ | $96.19K | 48.09M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14125786 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 592032739 | 228 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| 88E (ASX) Chart |