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0.5¢ inca minerals limited

Ann: Update - Consolidation/Split - ICG, page-29

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3,315 Posts.

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14/08/20

16:31

Post #: 46551342
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Originally posted by Paul12: ↑

There's more than one way of looking at this.
If I'm interesting in buying a load of ICG on market when trading at 0.002/0.003 and pay 0.003, then if the market drops to 0.001/0.002 , then if I paid 0.003 and now the market is 0.002 then I'm automatically down 30%. If it was 0.003/0.004 scenario I could be down 25%/50% in the blink of an eye.
If the price was 0.059 / 0.060 it's more likely to trade around those levels. I might feel more confident to purchase at those levels knowing it was going up and down pips that weren't actually 30% or 25% of my total investment for every pip.
It might mean more people would be interested in entering the stock and boosting the price if this wasn't the case.

I think ICG have some great prospects. I also suspect that a consolidation followed by announcements and a CR at some post consolidation price may be the way to unlock that potential.
All IMHO.

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there’s a flip side to that coin Paul - goes up a Pip and you’re up 30%...

problem with consolidation is the one via table drift backwards. Usually happens.

ICG Price at posting: 0.3¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 0.5¢		Change 0.000(0.00%)		Mkt cap ! $4.066M

Open	High	Low	Value	Volume
0.5¢	0.5¢	0.5¢	$150	30K

Buyers (Bids)

No.	Vol.	Price($)
4	3305997	0.5¢

Sellers (Offers)

Price($)	Vol.	No.
0.6¢	1055690	4

View Market Depth

No.	Vol.	Price($)
4	3305997	0.005
6	6329194	0.004
12	17376780	0.003
3	3199980	0.002
3	4799950	0.001

Price($)	Vol.	No.
0.006	1055690	4
0.007	924600	3
0.008	1201540	5
0.009	1033282	3
0.010	1000000	1

Last trade - 10.04am 01/10/2024 (20 minute delay)

ICG (ASX) Chart

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