Simple question really.......is this company worth 4 times (25c) what it currently is now (6c)?
Will it's revenue and assets prove this?
Will it's share holders believe this and automatically start trading at the new share price?
I don't understand how the share price of a company is simply determined by what holders are agreeing to pay, rather than the value of assets and the income stream.......classic example is mining exploration companies that have $70 million worth of machinery sitting in storage ready to go, and the biggest gold deposit in the world......and yet their market cap that is currently determined by holders is only $26.3 million....how is that so?
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Last
0.4¢ |
Change
0.001(33.3%) |
Mkt cap ! $2.357M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $1.627K | 406.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 3206433 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 1042585 | 5 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| SKN (ASX) Chart |