I like the sound of a 35B MC but if it was dealt on the current SP and Shares on Issues, it would mean a 35B MC would equal to a $12 share price.
Assuming no further shares issued (currently 2.8billion issued shares and market cap of 167m).
Anyone seen VULcan jump to $12? The only way they could do this was the thin ASK ladder which allowed the market makers to jump the price up quickly. That together with a low float.
So in theory, $12 for CRO is possible but given the current shares on issue, this would need to be drastically reduced.
A reverse stock split of 10:1 would reduce to 280m of shares and this would be realistic. But then your SP would need to start at around the 60c range.
A reverse stock split might not be a bad idea if you want to jump to $12.
- Forums
- ASX - By Stock
- Ann: A$1.1M Upgrade to the Spenda System Released
I like the sound of a 35B MC but if it was dealt on the current...
-
- There are more pages in this discussion • 61 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SPX (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $30.27M |
Open | High | Low | Value | Volume |
0.6¢ | 0.7¢ | 0.6¢ | $8.827K | 1.395M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
29 | 18984477 | 0.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.7¢ | 5334925 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
29 | 18984477 | 0.006 |
16 | 11150165 | 0.005 |
5 | 13650000 | 0.004 |
3 | 2599999 | 0.003 |
1 | 500000 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 5334925 | 16 |
0.008 | 6285282 | 27 |
0.009 | 3679184 | 8 |
0.010 | 3027717 | 11 |
0.011 | 3768514 | 3 |
Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
Featured News
SPX (ASX) Chart |
The Watchlist
HAR
HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
MD
Previous Video
Next Video
SPONSORED BY The Market Online