That will never happen. They'll wait until VA then pick up the pieces then. It will be an awfully lot cheaper because they'll cut out all the existing shareholders.Yeah, I noticed that. There isn't a price low enough to put on a buy order. The ASX should allow a buy price of zero so at least holders can realise their losses. Then the buyers could buy a $20 lottery ticket (brokerage)
If CDE needs to raise capital it's going to need a CR and will only be able to do that after a consolidation. It was ridiculous that last time the consolidation was only 25 to 1 and increased the stock price to only 2.5c, from which it didn't take long for it fall back to the depths of where it was before. At the time I suggested, that at least a 1,000 to 1 consolidation was appropriate, because at least the share price would have been a $1 and have a reasonable spread on it. The same applies here.
Though personally, I think Codefail needs a bit of romance to gain some interest, so I'd go 40,000 to 1 and make each share $40 (well, $40 at the beginning at least). That way every million shares that had originally been issued would then have been consolidated to one share. Wouldn't that make a good dinner party story and get people taking about the stock?
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CDE
codeifai limited
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3.7¢

Yeah, I noticed that. There isn't a price low enough to put on a...
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Last
3.7¢ |
Change
0.002(5.71%) |
Mkt cap ! $15.92M |
Open | High | Low | Value | Volume |
3.6¢ | 4.2¢ | 2.1¢ | $154.7K | 4.707M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 121115 | 3.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.7¢ | 302282 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 73637 | 0.027 |
1 | 50000 | 0.026 |
1 | 200000 | 0.025 |
1 | 21000 | 0.022 |
4 | 337500 | 0.021 |
Price($) | Vol. | No. |
---|---|---|
0.037 | 302282 | 2 |
0.038 | 196639 | 2 |
0.040 | 100000 | 1 |
0.041 | 250000 | 1 |
0.042 | 435047 | 3 |
Last trade - 15.53pm 13/06/2025 (20 minute delay) ? |
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CDE (ASX) Chart |