88E 0.00% 0.2¢ 88 energy limited

News: 88E 88 Energy Says Applications For New Shares Raises $3.6 Million In Rights Issue, page-14

  1. 6,352 Posts.
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    Not easy to place at 1.8c when the shares are trading at 1.8c. Lead time on the next firm catalyst (Winx spud ) is a bit far away. Farmout success remains uncertain.

    Also not easy to negotiate hard on farmout terms when the industry knows you've just had a very poor takeup on a RI.

    Bit of a quandary.


 
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