CLZ 0.00% 0.2¢ classic minerals ltd

Ann: Consolidation/Split - CLZ, page-180

  1. 2,970 Posts.
    lightbulb Created with Sketch. 559
    DaftGarf criticized FIFO for selling out and taking a $20k loss.
    but what he didn't mention was the stock holding had already been crucified by a 7500/1 reduction due to the 2 consolidatios
    Assuming 20 million shares at a tenth of a cent equals $20k After two cosolidations 150/1 & 50 /1 nets an effective reduction of 7500. 20mill So the company had destroyed the value of the holding .divided by 7500=2666 shares times 1.7 cents worth around $40 So the consolidions had almost completely destroyed the value of the shareholding . Not the fact that they were sold.
    So FIFO sold a $40 holding after the value of the holding had already been destroyed by the 2 consolidations .
 
watchlist Created with Sketch. Add CLZ (ASX) to my watchlist
(20min delay)
Last
0.2¢
Change
0.000(0.00%)
Mkt cap ! $827K
Open High Low Value Volume
0.2¢ 0.2¢ 0.2¢ $723 361.8K

Buyers (Bids)

No. Vol. Price($)
118 295035088 0.1¢
 

Sellers (Offers)

Price($) Vol. No.
0.2¢ 61094303 9
View Market Depth
Last trade - 10.02am 27/06/2024 (20 minute delay) ?
CLZ (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.