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Saragian

5,053 Posts.

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06/03/24

18:00

Post #: 72778750
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Originally posted by sabine ↑

Thankyou Saragian …
I saw your first chart and got a bit wondrous about that $2.144 ‘ledge’ you were initially seeing.
a Doris Day song about ‘high apple pie in the sky hopes’ came to my mind and I made a picture.
That was before I could even start to think about your MAJOR (~$2.50?) target …

with a patch of sky;
View attachment 6016840

But then I saw your other chart.
Are we really still so far under that post consolidation high of $10.30
And how can that be?
I had forgotten there had even been a consolidation.
But you are right
https://resourcesrisingstars.com.au/PDF/b09844ef-9998-4e0d-bfa9-383479f3bcde/EffectuationofDeedofCompanyArrangement#:~:text=Share consolidation,share (“Consolidation”.
20 October 2020
Share consolidation
As previously disclosed, the Company is consolidating every 20 shares into 1 share (“Consolidation”.
Gascoyne advises that the Issue Date for the Consolidation, which includes despatch of holding statements
is 20 October 2020, with trading expected to start on a normal T + 2 basis on 21 October 2020 (being, the
expected date for re-instatement of the shares to trading on the ASX). Shareholders are reminded that this
trading will be on a post-consolidation basis.

Does that generally happen?
…And… looking back at Hot Copper forums …we had been in a long trading hiatus since 29/05/19 close (at share price of 50.09c of GCY a share on post consolidation counting although the forum chat back then has the price per share listed at 3c.

And there were more 1.5 billion shares? View attachment 6017485

My brain is too lame :/.
How do you get $10.30@ share please?

Cheers

Expand

Hello U (again)........I think (sometimes) I can see the confusion.

The GCY/SPR chart dates back to 11/12/2009....... and in spite of the TRADING SUSPENSION from 06/2019 to 10/2020........the TOTAL chart is CONTINUOUS for technical analysis.

The consolidation (1 for 20) occurred in 10/2020.....and the HISTORICAL chart GCY/SPR share prices, prior to 10/2020, are not 'grandfathered ', but are adjusted, retrospectively, by that same ratio.

Cheers.

SPR Price at posting: 58.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

1 Great analysis

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