What no one has mentioned so far is the back room cost of keeping the share registry in order .
Some days the trades total more than 1000, that is a massive amount of work to keep track of. Today it was 342 trades.
Even the cost of posting out new Chess Certificates must hurt.
Next year we will see what it has cost and I expect a range of 3-5 Million for this alone.
What is needed is a long term large shareholder with 20% to take 500-600m shares off the market plus a collection of smaller 3-5% holders.
We will of course be taken over at some stage and that will solve the problem of too many shares.
I have been a holder since 2004 when they were called Austminex and 210 million shares on issue.
(And due to some "astute" share trading on them I am still in the red.)
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Last
14.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $40.11M |
Open | High | Low | Value | Volume |
14.5¢ | 14.5¢ | 14.0¢ | $19.01K | 134.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 54554 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.5¢ | 14055 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 54554 | 0.135 |
3 | 27509 | 0.130 |
2 | 37595 | 0.120 |
2 | 18181 | 0.110 |
1 | 8571 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.155 | 14055 | 2 |
0.160 | 37300 | 2 |
0.165 | 71956 | 3 |
0.170 | 10000 | 1 |
0.175 | 16889 | 3 |
Last trade - 15.43pm 30/08/2024 (20 minute delay) ? |
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