As of today only 8,972,660 shares to be bought up from 1 cents to 2.5 cents before consolidation. I would have thought some of the big share holders would want a 25 cents share price after consolidation than start at 10 cents with an upgrade resource announce sometime afterwards once the labs get their act together. One thing I do know is the Institutions/brokers would be more interested in a share price at 25 cents than 10 cents which that would mean higher daily share volumes getting traded each day on the ASX and a bigger pool of investors looking at GML.
For the ones that don't know.
For any shares from 10 cents and above they get traded at half cent increments and anything below 10 cents can be traded at one tenth of one cent.
GML Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
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