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0.7¢ clara resources australia ltd

Ann: General Meeting for Share Consolidation, page-13

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trollthedice

1,526 Posts.

198

29/11/19

11:00

Post #: 41704396
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Originally posted by blister ↑

they just pushed most of the options into no man's land... my 1c strike price just became 10c strike price if i'm reading correctly.

so a shareholder has called for this consolidation, however i imagine there will be a very agressive rush to exit so our new t20 shareholder is about to get very burnt fingers.....

as an example of my thinking, this is being engineered to enable LIND to exit without taking the 50% loss on the conversion... if you hold 1,000,0000 shares @.002c

preconsolidation sell @1c = 50% loss
post consolidsell @1.9c = 5%loss

However lets say your average buy price over the years was 1,000,000 @1c and the share price drops back to 1.5c after consilidation
Current loss = 80% loss (your 10k is now worth 2K)
Post consilidation your 2k now owns 100,000 shares
post consilidation loss back to 1.5c (your orignal 10K investment is now 1.5k)

You need an 7 bagger just to get out of your hole!

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Well I need a 5 bagger to get out of my hole. Regardless of consolidation or not. However we should prevent this from happening and LIND can sell us the shares at 0.1c, i'm happy to buy at that price.

ANW Price at posting: 0.2¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.7¢		Change 0.000(0.00%)		Mkt cap ! $1.916M

Open	High	Low	Value	Volume
0.7¢	0.7¢	0.7¢	$274	39.09K

Buyers (Bids)

No.	Vol.	Price($)
1	160903	0.7¢

Sellers (Offers)

Price($)	Vol.	No.
0.8¢	3266090	5

View Market Depth

No.	Vol.	Price($)
1	160903	0.007
7	3765911	0.006
11	6150194	0.005
3	1249995	0.004
2	1699995	0.003

Price($)	Vol.	No.
0.008	3266090	5
0.009	441740	2
0.010	1169471	4
0.011	1069816	5
0.012	144610	2

Last trade - 15.57pm 06/11/2024 (20 minute delay)

C7A (ASX) Chart