Irrational. No, just smart money will be taking advantage of the rotten mood on the ASX spec market.
Without revenues, after consolidation, this will be sold off hard, then capped for a while, to not make it look so blatantly obvious.
The share price could hold up much better, if they dual list in the UK, and get some good trading volumes, before consolidation.
Don't think management have thought this through at all.
Not investment advice. DYOR
Ann: BFS Update and Target Production Capacity Increase, page-39
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Last
20.5¢ |
Change
-0.005(2.38%) |
Mkt cap ! $54.61M | |||
| Open | High | Low | Value | Volume |
| 20.8¢ | 21.5¢ | 20.5¢ | $9.32K | 44.75K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6906 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 7599 | 1 |
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| Last trade - 15.30pm 23/08/2024 (20 minute delay) ? |
| PEK (ASX) Chart |