ANL 0.00% 0.1¢ amani gold limited

Ann: DIAMOND DRILLING COMMENCES AT 4.1Moz KEBIGADA GOLD DEPOSIT, page-9

  1. 1,518 Posts.
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    That is a very silly way to look at it.

    It's not "dirt cheap" $21m market cap, and moving 1 tick it jumps to $42m market cap. It's bloody awful, all as a result of the 21bn shares on issue.

    People think 0.0001 is the floor, but it's not. The stock can consolidate 100:1 and it will be a 20c stock with 210m shares on issue and it will immediately sell off (like literally every stock in history that does this).
 
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