Unsure if you are having a go at me, either way couldn't care...

First 7 Last

Share
Profile

Follow
sharebroker1

13,729 Posts.

778

21/11/20

14:06

Post #: 49038974
Share

Originally posted by MrMozambique: ↑

Like A-holes, everybody has one. I respect that.

It's not the amount of shares on issues that is bothering true investors, not even DT's, the more the merrier for them. Gives them liquidity.

Do you think ESR got from 0.005 cents to 15 cents because someone gave a shite about how many shares were on issue, or BRN from 3 cents to 97 cents with a peak market cap of $1.47b (1.6b shares on issue i think). Nope.

Consolidation is an interesting proposition, in most cases it's a value destroyer. There's plenty of research and yes, of course there are winners too ( WBT consolidated and went 5 times after consolidation - an aberration of the internet of things, or AI, or BRN phenomena).

I discussed this with Bahay a few months ago, along with 20 other things like changing the name ( didn't see that in the AGM Agenda either ). All things will happen when the company believes its best for all of us shareholders.

They have managed to tick every box promised this year and the pilot plant is next and that will be done and dusted shortly.

After that, it's deal making time and this is where the real value making has to happen and we have entrusted Bahay and the Executive Team to do this on our behalf. None of us can control if someone decides to sell 1m shares at market close to push the share price back to 1 cent, everyone needs cash for a reason, but speculating if there are too many shares on issue, or a name change will change things, we'll do that on here, but it won't change anything.

The only thing that will change the share price now is the deal making and the signatures on contracts and MOU's and D2B's.

That's the real game, the short game, the long game, every game.

Make sure you're happy with why you're here, then stick with it, whether it be a trade, a capital gain or a dividend. Then stick with it. I bought more recently so I know where I stand.

As always, DYOR.

Mr M.

Expand

Unsure if you are having a go at me, either way couldn't care less!
I have been a buyer here at 0.005-0.007, sold plenty up and bought low back time and time again!
Having watched and traded the stock for at least 6 months, my comments were based in the fact that moving past 1.1 is just about impossible even after last week's many announcements!
But of course I am coming from a trader point of view, but from a logistics point of view, the 2 billion shares out there, plus the limited amount of dollars the company hold are definitely a non favorable factor here whether you or I like it or not !
Im just sharing my point of view as a holder!

PWN Price at posting: 1.0¢ Sentiment: Hold Disclosure: Held
1 Upvote

1 Great analysis

Reply

Top Stories

AII

Almonty Industries shares EXPLODE! Rheinmetall, Renk, and Hensoldt left in the shadows!

Tuesday's HotCopper trends: Paradigm funding, Nanoveu drone gains | July 1

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

ENR

Encounter's Aileron recon success 'illustrates how much more still to be found'

TRS

Don't cry that it's over: The Reject Shop shares to disappear on Wednesday

First 7 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 1.2¢		Change 0.000(0.00%)		Mkt cap ! $33.20M

Open	High	Low	Value	Volume
1.2¢	1.2¢	1.2¢	$50	4.166K

Buyers (Bids)

No.	Vol.	Price($)
2	1302337	1.1¢

Sellers (Offers)

Price($)	Vol.	No.
1.2¢	1289065	6

View Market Depth

No.	Vol.	Price($)
2	1302337	0.011
8	7286622	0.010
14	10203238	0.009
6	3237500	0.008
5	4830009	0.007

Price($)	Vol.	No.
0.012	1289065	6
0.013	1644991	3
0.014	1256000	1
0.015	249266	2
0.016	1863960	4

Last trade - 16.10pm 01/07/2025 (20 minute delay)

PWN (ASX) Chart

Unsure if you are having a go at me, either way couldn't care...

Almonty Industries shares EXPLODE! Rheinmetall, Renk, and Hensoldt left in the shadows!

Tuesday's HotCopper trends: Paradigm funding, Nanoveu drone gains | July 1

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

Encounter's Aileron recon success 'illustrates how much more still to be found'

Don't cry that it's over: The Reject Shop shares to disappear on Wednesday

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Unsure if you are having a go at me, either way couldn't care...

Top Stories

Almonty Industries shares EXPLODE! Rheinmetall, Renk, and Hensoldt left in the shadows!

Tuesday's HotCopper trends: Paradigm funding, Nanoveu drone gains | July 1

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

Encounter's Aileron recon success 'illustrates how much more still to be found'

Don't cry that it's over: The Reject Shop shares to disappear on Wednesday

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News