I don't think we will see a 10/1 consolidation. Liquidity is a big factor and at 10/1 with 350 million issued shares, where's the liquidity?? I think it will be closer to 5/1. This would give approx 750 million shares and a consolidated share price in the region of 40-50c with $70-80 million cash.
Capital Raising, page-43
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Last
49.5¢ |
Change
-0.010(1.98%) |
Mkt cap ! $45.74M | |||
| Open | High | Low | Value | Volume |
| 50.5¢ | 50.5¢ | 49.5¢ | $26.98K | 54.03K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20223 | 49.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 611 | 1 |
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| FAR (ASX) Chart |