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?
- Forums
- ASX - By Stock
- LRS
- Ann: Consolidation/Split - LRS
Ann: Consolidation/Split - LRS, page-14
-
- There are more pages in this discussion • 37 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
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($) | Vol. | No. |
---|---|---|
19.0¢ | 378904 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 517723 | 0.185 |
30 | 2272928 | 0.180 |
9 | 3134496 | 0.175 |
15 | 2730348 | 0.170 |
5 | 1778939 | 0.165 |
Price($) | Vol. | No. |
---|---|---|
0.190 | 378904 | 3 |
0.195 | 1292232 | 10 |
0.200 | 579554 | 9 |
0.205 | 1673579 | 11 |
0.210 | 839674 | 14 |
Last trade - 16.10pm 16/10/2024 (20 minute delay) ? |
Featured News
LRS (ASX) Chart |
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
SPONSORED BY The Market Online