LU7 0.00% 1.2¢ lithium universe limited

It hasn't been decided on as it isn't their highest priority...I...

  1. 7,657 Posts.
    lightbulb Created with Sketch. 1991
    It hasn't been decided on as it isn't their highest priority...

    I would say 10:1 is likely as that would bring it back to ~400M but not going to rule out 20:1 either as that would be ~200M which would be very low.

    However the consolidation by itself wouldn't change anything except the SOI.

    Using 1M shares as a basis;

    1M @ 1.5c = 15k (on 4Bn SOI is 0.025% ownership)
    100k @ 15c = 15k on a 10:1 consolidation (on 400M SOI is 0.25% ownership)
    50k @ 30c = 15k on a 20:1 consolidation (on 200M SOI is 0.25% ownership)

    So if someone wanted to sell 1/2 their holding they would either be selling 500k, 50k or 25k depending on which situation but on all of them they would be receiving $7,500 in consideration.

    However because you see it as such an issue it could actually improve the over MC/SP overall since it seems to be an issue for some.
 
watchlist Created with Sketch. Add LU7 (ASX) to my watchlist
(20min delay)
Last
1.2¢
Change
0.000(0.00%)
Mkt cap ! $7.126M
Open High Low Value Volume
1.3¢ 1.3¢ 1.1¢ $22.24K 1.820M

Buyers (Bids)

No. Vol. Price($)
10 768818 1.1¢
 

Sellers (Offers)

Price($) Vol. No.
1.2¢ 207872 1
View Market Depth
Last trade - 16.10pm 12/09/2024 (20 minute delay) ?
LU7 (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.