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
30.5¢ |
Change
-0.010(3.17%) |
Mkt cap ! $53.79M | |||
| Open | High | Low | Value | Volume |
| 31.5¢ | 32.0¢ | 30.5¢ | $200.8K | 647.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 27495 | 30.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 1121 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
30.8¢ |
Change
-0.010 ( 2.54 %) |
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| Open | High | Low | Volume | ||
| 32.0¢ | 32.0¢ | 30.5¢ | 207186 | ||
| Last updated 15.58pm 03/05/2024 ? | |||||
| HAS (ASX) Chart |