Alderly,
On your first point, many seem to agree, but I feel most of those that consolidate do it to get the price up because they may have little else to get the price up.
I believe most were going to drop regardless.
There is absolutely no possible fundamental reason to believe that a stock should drop because of a consolidation so I do not care about the stats on consolidations.
If anyone can show any reason why a stock should drop because of a consolidation, I would be happy to hear it.
We have plenty of reasons and catalysts to go much higher so I believe we will be one of the minority where we trend higher regardless of a consolidation.
If we go lower after the consolidation I think it will be more to do with a correction after a rally or because the market may drag us lower-not because of a consolidation.
On your second point, we have no need for any further large capital raisings. We may do a small one if management feels it prudent although they have stated the desire to do no more.
I believe if we do one at all, it would only be likely after a strong rise in the share price and even then it’s only a possibility and will only need to be small.
I can't see it as being a reason for a consolidation.
- Forums
- ASX - By Stock
- KGL
- 10 for 1
10 for 1 , page-6
-
- There are more pages in this discussion • 15 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 KGL (ASX) to my watchlist
(20min delay)
|
|||||
Last
9.5¢ |
Change
-0.003(3.06%) |
Mkt cap ! $61.57M |
Open | High | Low | Value | Volume |
9.6¢ | 9.6¢ | 9.5¢ | $6.429K | 67.36K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 106000 | 9.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.5¢ | 45623 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 106000 | 0.094 |
1 | 100000 | 0.093 |
2 | 110761 | 0.092 |
1 | 92088 | 0.091 |
2 | 176000 | 0.090 |
Price($) | Vol. | No. |
---|---|---|
0.095 | 45623 | 2 |
0.100 | 41965 | 1 |
0.105 | 25000 | 1 |
0.110 | 45864 | 3 |
0.115 | 100000 | 1 |
Last trade - 15.21pm 09/10/2024 (20 minute delay) ? |
Featured News
KGL (ASX) Chart |
The Watchlist
AHK
ARK MINES LIMITED
Ben Emery, Executive Director
Ben Emery
Executive Director
SPONSORED BY The Market Online