LRS 2.63% 18.5¢ latin resources limited

Ann: Consolidation/Split - LRS, page-14

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 213 Posts.
    lightbulb Created with Sketch. 24
    So, here’s a question for you smarter bunch out there...

    Am I correct in saying that.......
    . Share Value (multiplied by) number of shares (equals) Market Cap
    . 0.001. x. Number of shares available. = $3.892

    So after the consolidation of 1:25, and assuming the share value is 0.025, then..
    . 0.025 x 1/25 of the shares of the above example = $3.892
    My question is, what’s stopping the shares from dropping from 0.025 to 0.02, or 0.01....?
    j
    Basically this company is worth zip. It’s worth the SP x (number of shares). If it’s worth zip, I can only see the SP plummeting again. If this happens, I think CG and the Board will be in serious trouble.

    Thoughts?
 
watchlist Created with Sketch. Add LRS (ASX) to my watchlist
(20min delay)
Last
18.5¢
Change
-0.005(2.63%)
Mkt cap ! $518.2M
Open High Low Value Volume
19.0¢ 19.3¢ 18.0¢ $3.091M 16.71M

Buyers (Bids)

No. Vol. Price($)
5 517723 18.5¢
 

Sellers (Offers)

Price($) Vol. No.
19.0¢ 378904 3
View Market Depth
Last trade - 16.10pm 16/10/2024 (20 minute delay) ?
LRS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.