Crazy talk about con. It has no effect on the value of a holders shares. I does mean that the trade is more volatile and not restricted to the .004 to .005 spread. e.g. a 10 to 1 con would result in a spread of .045 to .046 - and that makes trading much easier and the value more precise.
Further capital raises in order to continue exploration will cause dilution whether the SP is coned or not.
Consolidation and dilution are par for the course for long exploration programs - its tough for the LT stayers, and of course magic for the guy who buys in just before the strike. Only way to avoid it is engage in capital preservation by e.g. stop losses.
Please grow up and stop whinging.
- Forums
- ASX - By Stock
- 88E
- Ann: Year-End Shareholder Update
Ann: Year-End Shareholder Update, page-12
-
- There are more pages in this discussion • 33 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add 88E (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.86M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.1¢ | $27.03K | 13.91M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
359 | 956509315 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.2¢ | 8325743 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
346 | 915260315 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.002 | 8325743 | 6 |
0.003 | 487452701 | 187 |
0.004 | 167967720 | 89 |
0.005 | 54012754 | 44 |
0.006 | 44647800 | 32 |
Last trade - 14.55pm 08/11/2024 (20 minute delay) ? |
Featured News
88E (ASX) Chart |
The Watchlist
EQN
EQUINOX RESOURCES LIMITED.
Zac Komur, MD & CEO
Zac Komur
MD & CEO
SPONSORED BY The Market Online