If a consolidation makes no difference to the shareholders,
it won't make a difference to the company.
It just makes the company look better managed.
The share price will rise from one cent (todays price), to ten cents, not a great deal of difference.
I entered at three cents.
I will be voting NO.
What are the chances of GML holding their new consolidated share price ?
Slim, if their share price fell from my entry down to one cent, then the consolidated share price
will fall in line with the present price action.
Which means more (bigger), of a loss to the shareholders.
They made their bed, let them lie in them.
If a consolidation makes no difference to the shareholders, it...
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Last
2.8¢ |
Change
-0.004(12.5%) |
Mkt cap ! $11.44M | |||
| Open | High | Low | Value | Volume |
| 3.1¢ | 3.1¢ | 2.7¢ | $86.06K | 2.969M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 249999 | 2.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.9¢ | 285076 | 1 |
View Market Depth
| Last trade - 16.10pm 18/06/2025 (20 minute delay) ? |
| GML (ASX) Chart |