I still don't get it why everyone is talking about the share price, it doesn't matter if its 30/40/50 for 1 share.
The MC cap today is 65mill and it will still be 65 mill when the consolidation is done, you will still own the value of your shares, that doesn't change. The company's value is MC not the share price.
This baby still comes down to doing a deal with an investor, producer etc.... need funding from somewhere, if not it will hang around this undervalued MC till it happens.
Still cant believe its 65mil MC for the large resource they currently have.
I'm sure somebody will do a deal, but don't know when, but hoping very soon.
Obviously I was upset when the DFS wasn't done to support getting that investment and it shows by the current MC. Lets hope the board get it done and I can see the MC approx 250-300mill MC 4-5 times your share value which will happen.
Ann: Consolidation/Split - MGT, page-46
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Last
26.5¢ |
Change
-0.005(1.85%) |
Mkt cap ! $26.08M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 27.5¢ | 26.5¢ | $64.47K | 241.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 27.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 25438 | 1 |
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| Last trade - 15.51pm 28/06/2024 (20 minute delay) ? |
| MGT (ASX) Chart |