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Ann: Scoping Study Results for Lac Rainy Graphite Project, page-66

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timmi

2,702 Posts.

440

04/02/21

18:21

Post #: 50716699
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Originally posted by Blythefan: ↑

Honestly, the fact this is 0.2 cents is really going to hold it back. It's 50% more market cap to get to 0.3c. And 0.4c is double the current market cap. It's a lot of value to create from one pip.

To be honest, this could use a 10:1 or 20:1 consolidation so that each 0.1c moves the market cap by $500K not $5M.

Like, which broker is getting in here for a $1M capital raising at 0.1c, a 50% discount? They won't take it at 0.2c because they can't clear the decks.

So, i reckon that's what's next. It's what has to come next.

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all this talk of consolidation. current share price represents the value of the company. if you're so keen go pitch your idea at the next agm !!

MLS Price at posting: 0.3¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 2.4¢		Change 0.000(0.00%)		Mkt cap ! $17.45M

Open	High	Low	Value	Volume
2.4¢	2.5¢	2.4¢	$16.19K	668.5K

Buyers (Bids)

No.	Vol.	Price($)
1	322188	2.4¢

Sellers (Offers)

Price($)	Vol.	No.
2.5¢	44250	1

View Market Depth

No.	Vol.	Price($)
1	322188	0.024
3	543043	0.023
9	3246180	0.022
2	442857	0.021
5	625000	0.020

Price($)	Vol.	No.
0.025	44250	1
0.026	136513	2
0.027	450600	3
0.028	115000	1
0.029	75000	1

Last trade - 15.41pm 30/09/2024 (20 minute delay)

MLS (ASX) Chart