This is my understanding of how consolidation at 50:1 will benefit share price, in order for institutions to invest the share price needs to be around 1 dollar to comply with investor requirements, so 20:1 or 30:1 or 5:1 ain’t going to cut the mustard.
Once we reach the 1 dollar magic number share price and funding can be discussed and hopefully part or some positive announcements, there’s no reason share price should tank unless fundamentals change.
Yes there’s is a risk and nothing is guaranteed in life but like I’ve said in my previous comments, if the reason you invested into mgt a year ago or two years ago hasn’t changed, then stand strong because we are going to find out over the next couple of months where we are headed.
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- Ann: Chair's Address for 23 November 2022 AGM
Ann: Chair's Address for 23 November 2022 AGM, page-33
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Last
14.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $16.72M |
Open | High | Low | Value | Volume |
14.3¢ | 14.5¢ | 13.5¢ | $19.83K | 137.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 23592 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.5¢ | 76869 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 23592 | 0.135 |
2 | 145000 | 0.125 |
3 | 26160 | 0.120 |
4 | 56223 | 0.115 |
4 | 40162 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.145 | 76869 | 1 |
0.150 | 119850 | 3 |
0.155 | 29825 | 1 |
0.165 | 20000 | 1 |
0.170 | 8500 | 1 |
Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
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Will Souter, CFO
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