for a long time the debate over consolidation has been happening on HC
I've always felt a bit towards rather not - having seen what it can do to some stocks (BLY etc)
It also doesn't change the market cap - or other fundamentals
but observing what is happening now with trades and the potential upside to POG (have a look on some of the posts on the gold thread) NOW may be a good time to consolidate.
There's enough funds in the bank to pay for it - and it may well put a stop to some of the trading patterns (like every time I think the 5.5 have cleared, up pop another mill or so).
Think there really is a psychological difference in trading 5c stock or 50c !
A 1:10 consolidation would put us in line with most other juniors with 280 mill shares
And it can result in a more nuanced trading range (can't do 5.15 c but can do 51.5c)
Just a thought
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Last
16.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $47.28M |
Open | High | Low | Value | Volume |
16.5¢ | 16.5¢ | 16.5¢ | $293 | 1.778K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 29242 | 16.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.0¢ | 63500 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 29242 | 0.165 |
2 | 6410 | 0.160 |
1 | 6300 | 0.155 |
3 | 21266 | 0.150 |
2 | 213696 | 0.145 |
Price($) | Vol. | No. |
---|---|---|
0.180 | 63500 | 2 |
0.190 | 5800 | 1 |
0.195 | 54000 | 1 |
0.200 | 180824 | 6 |
0.205 | 10000 | 1 |
Last trade - 10.36am 19/11/2024 (20 minute delay) ? |
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