88E 0.00% 0.2¢ 88 energy limited

Pangzi option 1. It won’t happen, that would seriously undermine...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 2,349 Posts.
    lightbulb Created with Sketch. 299
    Pangzi option 1. It won’t happen, that would seriously undermine managements abilities in running 88 in my opinion. Big questions would certainly be asked.

    They have to let this stock run. They owe it to the holders in my opinion especially after options debacle and cap raise after cap raise and drill failures. The SP run might only get to 4c. Some here might not even break even from last year. It’s possible. Not much positive momentum shown by holders at this stage is there. Very disappointing isn’t it.

    Thinking about the horrible consolidation issue. I really think it could be on the cards if farmin announced and well success. Farmin would love it along with 88E. As they have let the register grow way too big from multiple cap raises and not delivering results to support positive momentum in both SP and MC in my opinion.

    Company is in a right bind now if well fails and no farmin. Could end up with 10 billions shares. Who would invest in cap raises below 1c when they struggle to fund 1 well year after year. Think about it guys.

    So if they have success and farmin they unfortunately have to do it prior to next well. But multiple wells have to follow quickly.

    Hopefully my exit happens before this news. No consolidation has ever worked for me previously, except 1 coking coal stock on AIM.

    Its going to be a nerve racking few weeks to time the exit and the TH news. All the very best guys and good luck. But again happy to have 3 coys involved in this well. Makes me a bit more confident going forward since Paul sadly departed from us. Heap of so call experts now. Could be good or bad for us lol. GLTA.
 
watchlist Created with Sketch. Add 88E (ASX) to my watchlist
(20min delay)
Last
0.2¢
Change
0.000(0.00%)
Mkt cap ! $57.86M
Open High Low Value Volume
0.1¢ 0.2¢ 0.1¢ $36.27K 18.37M

Buyers (Bids)

No. Vol. Price($)
513 1362076154 0.1¢
 

Sellers (Offers)

Price($) Vol. No.
0.2¢ 80829293 29
View Market Depth
Last trade - 16.10pm 19/11/2024 (20 minute delay) ?
88E (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.