The SP will be closer to 20c than 10c only becasue of a consolidation, not becasue of increased value.
You need to factor in the share dilution with the placement which will spread any future value over more shares.
Im not familiar with HUN but Im sure they have more than two drill holes on a speculative lease for them to be taken over.
Ive held a number of stocks that drift down and I keep on telling myself its manipulation etc. But at the end of the day, you need to realise that the SP is falling and thats not good for the portfolio. You dont get compensated for manipulation!
There has been a relentless sell off. Its not manipulation becasue there are plenty of sellers. There is no use manipulating from 11c to 7c becasue to get the SP to 11c again is going to be difficult becasue there will be a line of sellers (including me) trying to get out on any little increase.
CEO Price at posting:
7.9¢ Sentiment: None Disclosure: Held