EXR is a good example of a company that was stuck at 0.001/0.002 with about 2 billion shares on issue and only 266k in the bank.
Did a SPP as well for a similar amount to raise with a 25:1 consolidation. Price is currently 60% up since pre consolidation with MCap of $7 mill and plenty of more shares now being traded.
Yes they are complete different companies, with different management and projects but goes to show that not every company will go back to pre consolidation levels. The fundamentals and plans of DEG have not changed this year and we are still yet to receive any negative news to convince me otherwise.
If you believe we are undervalued now with a MCap of $6.7 mill, then I cant see the SP drifting all the way back to 0.002/0.003 in the short term while blowing over $2 mill cash with no improvement in our consolidated share price. Just my opinion but i am happy to wait and see how it all unfolds after consolidation
Ann: Consolidation/Split - DEG-DEG.AX, page-38
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Last
$1.15 |
Change
0.050(4.57%) |
Mkt cap ! $2.726B | |||
| Open | High | Low | Value | Volume |
| $1.13 | $1.15 | $1.13 | $1.318M | 1.160M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 105986 | $1.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.15 | 93627 | 23 |
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| Last trade - 12.02pm 09/08/2024 (20 minute delay) ? |
| DEG (ASX) Chart |