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1.2¢ lithium universe limited

Mogul Technical Analysis, page-109

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makemoney2

357 Posts.

24

14/03/20

18:38

Post #: 43495798
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Originally posted by Jazinger24: ↑

Never said it won't do any good. There will be a ramp up time needed for the company before it can become profitable. On the downside it is eating almost 1mill per qtr and the income is nowhere near close. Unless there is a massive uptick in income they will run out of money by the end of the year and need to do a CR.

The CR in this environment is going to be far more tricky than the CR done in may and Dec last year. If the SP remains at these levels I see the need to do a share consolidation of probably 3 or 5 to 1. This would then in theory raise the SP and they can do a CR at a discount rate to remain afloat.

in this environment if the do a consolidation followed by a CR I can't see the consolidated price staying the same or going higher. In this environment it would probably trend lower and kill off more of the shareholders wealth.

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if they do a consolidation we would lose shares like i got 1 mil so could end up with 20 thousand so we would lose.

ESH Price at posting: 0.3¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.2¢		Change 0.000(0.00%)		Mkt cap ! $7.126M

Open	High	Low	Value	Volume
1.2¢	1.2¢	1.2¢	$1.2K	100K

Buyers (Bids)

No.	Vol.	Price($)
12	1369407	1.2¢

Sellers (Offers)

Price($)	Vol.	No.
1.3¢	100000	1

View Market Depth

No.	Vol.	Price($)
12	1369407	0.012
9	1706543	0.011
16	2108516	0.010
2	160000	0.009
2	220000	0.008

Price($)	Vol.	No.
0.013	100000	1
0.014	672577	5
0.015	89826	1
0.016	1075159	5
0.017	900000	2

Last trade - 10.23am 09/10/2024 (20 minute delay)

LU7 (ASX) Chart

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