Two sides to the story :
the upside is that a consolidated share price value makes it easier to attract institutional and perhaps overseas investors .
The downside is that as the share price climbs it gets easier to dilute in the support of additional equity raise or support / fund M and A activity.
in any eventuality, would have expected Charles Lew to explain the rationale of such 20:1 consolidation to his existing and loyal shareholder community.
other miners in development stage have moved to consolidate in an act of desperation ( AUZ ) ..i trust not the case here .
this is a surprise to me indeed.
Need communication and full transparency Charles !
Two sides to the story :the upside is that a consolidated share...
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Last
30.0¢ |
Change
-0.015(4.76%) |
Mkt cap ! $59.07M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 30.5¢ | 30.0¢ | $83.18K | 276.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 58669 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 46415 | 2 |
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| Last trade - 16.11pm 23/07/2025 (20 minute delay) ? |
| HAS (ASX) Chart |