"If Rox had 1 B shares the SP would be 11.3 centsThe market cap or value of the co would be the same.The MC is $114 mIts the MC that is important not the no of shares that make up the MCIs Rox worth $114m?If no then don't buy in.Up to you"
... you really haven't been trading long have you ...
... from a punters interest the more shares on issue the more your existing position is diluted and the harder it maybe for a share-price to move higher ...
... if Rox had had 2 billion on issue when pushing up from 0.010 .... probably would have only touched 0.040 [not hit 0.090 or 0.080] ..... it gets harder for the share-price to move higher .... but the MC technically is the same .... and Rox are not BHP or FMG ...
... To make it 'clown friendly' @ so your Rocket gets smaller every-time more shares are issued, but the rocket maybe worth the same [not for long], just gives you less performance ....
THE PREDICTORS - YOUANMI SUPER PIT., page-8
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Last
14.0¢ |
Change
0.005(3.70%) |
Mkt cap ! $57.21M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 14.0¢ | 13.5¢ | $2.118K | 15.68K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 90804 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 110356 | 6 |
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| Last trade - 10.58am 08/08/2024 (20 minute delay) ? |
| RXL (ASX) Chart |