ELD 0.82% $8.47 elders limited

so quiet and sp sinking, page-5

  1. 9,735 Posts.
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    sdmartin10 writes:: To be honest I can't believe it has stayed so high

    "What".....Didn't you bag me for saying the SP would fall.

    We are starting to see the fence jumpers now but just wait till the SPP vote is passed and the shareprice falls under .20cents
    There is a chance it may stay around the .20cent mark and that if "only a few take up the SPP".

    But if there a high take up, IMO it will go as low as .13cents and only hope would be a takeover for the shareprice to see around .20cent again. Equity players between them will have control of this company and they hell wouldn't want to hold this stock for to long.

    Another option would be a consolidation of shares e.g. 10-1 that would cut the mass share volume of the SPP
 
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