"They wanted to raise $14.3 Mil which would have added 975 Mil shares, but only managed to raise $3.6mil, 202 Mil shares, only 25% were taken up, not a good result for the company I would have thought. But the company believes this has met internal projections ?? "
Remains to be seen how orchestrating a 25% takeup has done retail holders a favor. Better to be fully funded which could've been better acheived by a placement ahead of the retail offer, imo.
All good if they do farmout on good terms before year end, or before Winx spud at the latest.
News: 88E 88 Energy Says Applications For New Shares Raises $3.6 Million In Rights Issue, page-38
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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¢ | $1.15K | 574.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 481 | 1316816095 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 132432533 | 30 |
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| Last trade - 11.53am 20/11/2024 (20 minute delay) ? |
| 88E (ASX) Chart |
