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Hi @lightbulbnz Thanks for your insight. I have a much clearer...

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foxy43

432 Posts.

298

30/04/24

07:19

Post #: 73570570
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Originally posted by lightbulbnz: ↑

not quite

whilst the last sale was 0.2 cents, many holders who wanted to sell couldn't sell at 0.2 cents

they couldn't sell at 0.2 cents because there were no buyers willing to sell at that price.

they could sell at 0.1 cents but obviously they weren't willing to do so

what the consolidation does is to increase liquidity and allow sellers /buyers to effectively trade at somewhere between the 'old' prices of 0.1 cents and 0.2cents - or between 0.5 and 1.0 cent post consolidation

it's not the consolation that has caused the apparent reduction in value. 0.2 cents was never a true value.

my guess is that the price post consolidation will be somewhere between 0.5 and 0.1 cents

there is a myth that consolidations result in loss of shareholder value. nothing could be further from the truth.

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Hi @lightbulbnz Thanks for your insight. I have a much clearer understanding now

Regards

RR1 Price at posting: 0.2¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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(20min delay)
Last 1.2¢		Change 0.000(0.00%)		Mkt cap ! $9.619M

Open	High	Low	Value	Volume
1.1¢	1.2¢	1.1¢	$12.53K	1.054M

Buyers (Bids)

No.	Vol.	Price($)
5	518408	1.1¢

Sellers (Offers)

Price($)	Vol.	No.
1.2¢	432624	2

View Market Depth

No.	Vol.	Price($)
5	518408	0.011
12	1424540	0.010
8	1724441	0.009
5	1846904	0.008
7	5166565	0.007

Price($)	Vol.	No.
0.012	432624	2
0.013	140264	4
0.014	668468	3
0.015	761904	2
0.016	349999	3

Last trade - 15.35pm 06/06/2024 (20 minute delay)


Last 1.2¢			Change 0.000 ( 0.00 %)
Open	High		Low	Volume
1.2¢	1.2¢		1.1¢	832975
Last updated 15.18pm 06/06/2024 ?

RR1 (ASX) Chart