Red's right, unless the company can provide a substantive and sustainable improvement in their present position, a consolidation would be totally futile if they only brought the consolidated S.P. to just 1 cent.
IMO, any consolidation will be to take it to 10 cents and that means a significant increase in the non-consolidated S.P. with some very material outcomes before they even think of it.
Certainly about time we saw some progress.
40K buy, page-6
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Last
2.0¢ |
Change
-0.001(4.76%) |
Mkt cap ! $36.26M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.1¢ | 2.0¢ | $36.09K | 1.804M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 5508160 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 4198018 | 8 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| TEG (ASX) Chart |