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Vic Wasteland Thread - 15.0

R31Nismoid

By R31Nismoid,
in Victoria

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joeyjoejoejuniorshabadoo Grand Master

joeyjoejoejuniorshabadoo

Posted
Posted

Test of time - this "floor" may not last either...could go back up to .050 or could sink down again. Need a good few weeks of averages to find out where the real floor is. Honestly don't think it has one, it's too volatile and there's too much happening with the company. Seismic due in June and at any moment a joint venture could drop and be a game changer. Lock your shares in the bottom drawer.

Or sell them and but a jetski

Same same

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This is where the cost of a Tax accountant that knows what they are doing outweighs the costs   FYI $300/h

Mohsen
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this has been covered many times before on this forum, please use the search function.

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tokyo is so f**king cool.

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Birds Grand Master

Birds

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Keep your eye on the market - this could be different being a capital raising, but 88E news has recently been released on the same day as the trading halt. Friday is just the latest they can release it.

Birds Grand Master

Birds

Posted
Posted

No, but ASX companies don't usually make discoveries like this. It's characteristic of a speculative share where a lot of things happen in a short space of time, rather than a "business as usual" company, where a trading halt might only be called for a merger or buyout or acquisition.

Trading halts are usually called for the release of market sensitive information; the idea is to curb insider trading by ceasing trade as soon as the information is known, so that everyone finds out at the same time before it resumes trading again. Bluechips don't have much in the way of market sensitive information appearing on the regular, so all they do is disclose reports and changes in interest without trading halts. Speculative stocks like oil explorers can have a trading halt nearly every week (we did at one point) because there is so much information coming to fruition that can affect share price.

There are a shitload of happenings for 88E this year, so there will be plenty more trading halts. Sometimes it's a good thing, sometimes it's bad.

emts Grand Master

emts

Posted
Posted

In all seriousness do companies on the ASX usually have this many trading halts? It's only been 2 in 2 months but is this a normal amount?

not unusual if there shit going down.

means they either kicking off or crashing.

I was about to buy in as it had dropped.

till they said they were announcing a bunch of internal options at half the price of the current shares...scared me off.

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