A consolidation would only dilute your portfolio value if the price dropped further or more shares were added along the way. Both are happening now anyway so whats the difference.
Having billions of shares on the register for a minnow penny stock is counter productive and further massively dilutes ones holdings each time they add more shares.
Just look at our current acquisition.
CAD will get a consolidation at some stage...and if even just one of these two new projects are successful, then on a diluted share registry SP will have a much better chance of providing positive gains to share holders rather then pip trading each day, only to close down on a $2 cross trade.
Ann: Caeneus Expands Pilbara Footprint With Key Gold Projects, page-114
-
- There are more pages in this discussion • 32 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MTL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.39M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $11 | 5.398K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 85 | 370457682 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 21243969 | 30 |
View Market Depth
| Last trade - 11.43am 03/09/2024 (20 minute delay) ? |
| MTL (ASX) Chart |