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1.4¢ australian mines limited

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minkki

436 Posts.

17

17/12/17

13:44

Post #: 29688359
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Originally posted by Newbie22 ↑

I'm in a spec company that has just undergone consolidation and our share price had been stable for ages, but with consolidation it dropped, because the consolidation was done to attract bigger shareholders. It can lessen the share value considerably for a holder. If I had a company with 1000 shares worth 10 cents a share, the market cap would be $10,000. Let's say there is a 2 for 1 consolidation, so we're left with 500 shares at 20 cents. Equal now, but if the share price drops to .01 (the lowest it can go without the company folding), the market cap maximum is $10 for the original setup but only $5 for the consolidated set-up. This isn't the only thing to consider, of course, but it's not necessarily a good thing. The more the share drops, the bigger percentage you stand to lose after consolidation, however, the reverse is also true. I think, if it ain't broke, don't fix it. I'm not super experienced in these things, so I'm sure others may have much more to say on the matter .

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Have read some of your posts and although you say not super experienced you are posting interesting points of view

AUZ Price at posting: 9.6¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.4¢		Change 0.000(0.00%)		Mkt cap ! $19.57M

Open	High	Low	Value	Volume
1.4¢	1.4¢	1.4¢	$34	2.4K

Buyers (Bids)

No.	Vol.	Price($)
16	22039737	1.4¢

Sellers (Offers)

Price($)	Vol.	No.
1.5¢	3601907	7

View Market Depth

No.	Vol.	Price($)
16	22039737	0.014
12	20652212	0.013
9	19954333	0.012
13	16766666	0.011
12	15805085	0.010

Price($)	Vol.	No.
0.015	3601907	7
0.016	9111222	24
0.017	6033838	15
0.018	3231352	5
0.019	2730000	6

Last trade - 10.00am 05/11/2024 (20 minute delay)

AUZ (ASX) Chart