Red's right, unless the company can provide a substantive and sustainable improvement in their present position, a consolidation would be totally futile if they only brought the consolidated S.P. to just 1 cent.
IMO, any consolidation will be to take it to 10 cents and that means a significant increase in the non-consolidated S.P. with some very material outcomes before they even think of it.
Certainly about time we saw some progress.
40K buy, page-6
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Last
0.4¢ |
Change
-0.001(20.0%) |
Mkt cap ! $8.320M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.4¢ | $12.86K | 2.650M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 32 | 39576929 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 3007501 | 6 |
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| Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
| TEG (ASX) Chart |