I like the look of CAGO at 0.2c but my concern is the potential share consolidation.
Recent Company Update states they will need to issues shares at a minimum of 20c.
Assuming CAG does not move much you might be looking at a 40:1 consolidation meaning CAGO would have an excercise price of 32c and I would have paid an equivalent of 8c for the privilage when the shares are worth 20c.
On those prices I would not purchase for any other stock. Leads me to think perhaps the shares are a better buy at this stage.
Of course a few more positive announcements and a corresponding increase in share price may change the dynamics.
Just my thoughts.
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Last
19.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $18.50M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3618 | 17.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.5¢ | 27484 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3618 | 0.175 |
1 | 9500 | 0.155 |
1 | 24965 | 0.140 |
1 | 10000 | 0.130 |
1 | 10000 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.195 | 27484 | 2 |
0.200 | 15000 | 1 |
0.210 | 20000 | 1 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
Last trade - 16.13pm 12/09/2024 (20 minute delay) ? |
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CAG (ASX) Chart |
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