yup, consolidation to 50c. Then raise around 45c? Sounds like their plan. More announcements and bs in regards to studies and ‘advancing lake Maitland’.
I mean it will fund us until the change of government in early 2025, but don’t expect the share price to advance to 2c equivalent ($1) let alone 1.5c equivalent (75c) before then.
Most long term Shareholders are going to need $1.50 (3c equivalent) to get in the green again. It’s possible but very unlikely, just have to look at PDN. Well advanced and ahead of us and they are struggling to hold above $1.
horrible time to do a consolidation Imo. Should have waited until after a change in WA Government or full approvals of lake Maitland.
TOE Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
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