Most times the consolidation is done so they can then do a CR and offer the necessary discount to attract investors. With the share price at $0.001 it makes it difficult to package an attractive offer to raise funds.
As it is now the Market Cap. of $6 mil is over inflated by the share price not being able to drop further. If they did a consolidation of 10:1, it wouldn’t take long for the SP to drop back close to the present level.
As you say, a shareholders % ownership in the company doesn’t change after consolidation, so whoever is against the consolidation/split must have a different way forward to raise funds for future exploration. And why try and hold the meeting three times if you know before the first meeting it’s not going ahead.
I really hope they explain this come next week. They definitely look at this site because they pay for interview time for their previous announcements.
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MTL
mantle minerals limited
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Most times the consolidation is done so they can then do a CR...
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Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.447M |
Open | High | Low | Value | Volume |
0.1¢ | 0.1¢ | 0.1¢ | $900 | 900K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
38 | 281961046 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.2¢ | 272205674 | 60 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
38 | 281961046 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.002 | 272205674 | 60 |
0.003 | 43361229 | 37 |
0.004 | 18534566 | 14 |
0.005 | 18164923 | 12 |
0.006 | 10747611 | 8 |
Last trade - 09.59am 28/07/2025 (20 minute delay) ? |
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MTL (ASX) Chart |