Yes and many will agree with you on share consolidation... for some reason some investor love have heaps of shares Vs value I personal don't ... like telling someone how big your house in Sq cm over SQM ...my house is 20,000Sqcm wow mate thats a great size house LOL...
But the biggest issue is like I pointed out in the trading gaps ... I see twitter posts look ROG's up 50% !!!! yeah mate thats just one step up from the BIDs hold the farm...
Or your talking up how great ROG looks going forward ..to a novice investor ...yeah is worth like a Quater of a cent per share ... "oh right mate utter Dog-stock then mate better of going to the casino !!"
think about if it was a 100:1 consolidation so we would likely be trading around 25c with only 16mill shares talk about small register ...great going forward to becoming a Mid-cap 100mill+ cap O&G play would really put out the image of ROG HUGE future upside towards $1-$5 SP etc
what does $1+ per ASX share bring to mind ??? for me its usually always been a very successive company
what does one thats below a cent ... I couldn't even pick ROG in a local share picking comp as they don't allow sub 1c!!
Yes many Major O&G players have billions of shares but they also command Huge capital Values in the billions or least hundreds of millions
Rant over >>> but so simple ROG could attract many more investors
ROG Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held
(20min delay)