I do still have these about a 70% trade if i fancy it.
Sold them all in August 2017 , before getting them back on 21st September 2017 @ 1.15p ( Further Further ) …i see they pulled back well of late 0.68p on 23rd September 2019
This came to my attention today after seeing RNs re-placing .( Over in Australia so not sure of price )
From an Australian forum price was 2.1c a two day trading halt over there.
Below is an Australian view of London AIM market …!!!
I have just seen all the price info was in the rns below.
Must have been to busy to read it properly .
The AIM market normally only issues a Trading Halt when a company is about to go into administration/liquidation/receivership etc, is my understanding.
For every other event the company has to release all available info to the market and let the market decide.
It’s like the cut price budget version, where rogues abound, allegedly.
Oddly enough had been discussing DrM with share Maiden a few moments ago.
Looks to have nearly doubled since the last placing in September 2109 and it dipped below that a few days after.
Even more interesting after reading Dr M communication with bedwetter above again lol
88 Energy Raising Over GBP2.5 Million To Fund Alaska Projects
from Alliance News | 24th January 2020 08:53
(Alliance News) - 88 Energy Ltd is raising AUD5 million to fund work in Alaska, the Australian firm said on Friday.
The oil & gas firm had said on Wednesday it was planning a capital raise.
88 is placing 238.1 million new shares in the company at a price of AUD0.021 each, raising the AUD5.0 million, or about GBP2.6 million.
88 shares were 3.6% higher on Friday morning at 1.30 pence, but did slip on Wednesday. In Sydney, they closed 7.7% lower at AUD0.024, having been suspended there between Wednesday and when the placing announcement was made in Sydney.
The money will be used to fund ongoing work on assets in Alaska. 88 has a 60% stake in the Icewine project on the North Slope, as well as interests on Alaska’s Western Blocks and Yukon Gold. Work currently ongoing includes the upcoming Charlie-1 appraisal well.
88 will also use the funding to pay lease rental payments, pay off interest on debt, and fund new ventures.
Managing Director Dave Wall said: "The decision by the board to raise additional funds at this time was for several reasons, namely: unsolicited demand for investment at a premium to the most recent placement in September 2019; and a subsequent incremental increase in the well cost due to high grading of the quality of the evaluation program.
“We would like to thank our advisers and shareholders for their continued support as we enter into this critical phase.”
The firm raised GBP3.8 million last September, placing shares at the same price as the current placing.
By George Collard; email@example.com
Copyright 2020 Alliance News Limited. All Rights Reserved.
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