KGL 0.00% 10.5¢ kgl resources limited

I like this company and i will get in but i think i will wait...

  1. 37 Posts.
    I like this company and i will get in but i think i will wait post consolidation. In 30 years of following the market i find it hard to remember a stock that i have followed that has risen post consolidation - most fall. To my thinking there are only 2 reasons directors do it. One to artificially lift the share price (lets face it - it makes no difference to the value of the compamy) so that the stock enters the radars of those investors including fund managers that won't look at stocks below $1 and secondly to reduce the shares on issue and increase the share price as a precursor to a capital raising in the future. Still think it is a good company but unless there are some great announcements between now and the consolidation i reckon better buy in opportunity at a later date
 
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Last
10.5¢
Change
0.000(0.00%)
Mkt cap ! $68.05M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
1 80000 9.8¢
 

Sellers (Offers)

Price($) Vol. No.
10.0¢ 87704 1
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Last trade - 16.12pm 13/11/2024 (20 minute delay) ?
KGL (ASX) Chart
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