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12.5%

0.4¢ classic minerals ltd

Ann: Consolidation/Split - CLZ, page-184

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FIFOLife

191 Posts.

53

30/03/24

12:07

Post #: 73123205
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Originally posted by bungalowbill: ↑

DaftGarf criticized FIFO for selling out and taking a $20k loss.
but what he didn't mention was the stock holding had already been crucified by a 7500/1 reduction due to the 2 consolidatios
Assuming 20 million shares at a tenth of a cent equals $20k After two cosolidations 150/1 & 50 /1 nets an effective reduction of 7500. 20mill So the company had destroyed the value of the holding .divided by 7500=2666 shares times 1.7 cents worth around $40 So the consolidions had almost completely destroyed the value of the shareholding . Not the fact that they were sold.
So FIFO sold a $40 holding after the value of the holding had already been destroyed by the 2 consolidations .

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Couldn’t have said it better myself Bill

CLZ Price at posting: 0.1¢ Sentiment: Sell Disclosure: Not Held
2 Upvote

0 Great analysis

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(20min delay)
Last 0.4¢		Change -0.001(12.5%)		Mkt cap ! $1.43M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.3¢	$56.80K	15.05M

Buyers (Bids)

No.	Vol.	Price($)
35	49570913	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	13514874	8

View Market Depth

No.	Vol.	Price($)
35	49570913	0.003
22	100125502	0.002
39	426960887	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	13326359	7
0.005	5802399	7
0.006	1283207	5
0.007	1571249	10
0.008	1605454	10

Last trade - 15.03pm 03/06/2024 (20 minute delay)


Last 0.4¢			Change -0.001 ( 0.00 %)
Open	High		Low	Volume
0.3¢	0.4¢		0.3¢	2718436
Last updated 15.18pm 03/06/2024 ?

CLZ (ASX) Chart