i m not trading this share..so my focus is more about derisking progress , assuming SP would eventual match the intrinsic value of the business, even with reasonable discount.
at this moment, the next result would provide us the net pay zone size, which would be another catalyst for SP spike, assuming its reasonable(175 feet would be nice within N4&N5 zone). sounds like they are not going to test Torok zone anyway, net pay zone disclosure would be add on to the business...
flow test result is the final part of the puzzle to confirmed the total size of contingent resource, it will be next catalyst.
if they all works better than expectation, the SP should be in 5-6 cents range, best case, 4.5cents worst case..without and positive or negative impact of the FO news or Yukon news(which I think it would be minimal impact anyway).
i m not trading this share..so my focus is more about derisking...
Add 88E (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.3¢ |
Change
0.001(20.0%) |
Mkt cap ! $57.86M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $146 | 48.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 98 | 112188778 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 624427189 | 225 |
View Market Depth
| Last trade - 10.00am 01/10/2024 (20 minute delay) ? |
| 88E (ASX) Chart |