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Agree consolidation for penny stocks are a waste of time.an...

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Dabble010

4,288 Posts.

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15/10/23

17:46

Post #: 70354329
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Originally posted by Synergy12: ↑

I still think they should sell Kookynie. No point doing a cash raise if Nme doesn't do one first. Yes they only need to contribute 20% now but they had 270k in the kitty at June30 so unless they raise, we will be back at an all too familiar scenario. With the gold price at current levels be pretty easy to find a buyer. I would focus on Admiral Bay as within 12 months many are predicting silver will double in price. At that level it will be easier to find someone with the expertise and risk appetite to outsource the project to for a set commission. Nothing ever good comes from consolidation, it's like an extreme form of inflation and should be avoided at all costs. I hope if they do a cash raise it doesn't involve retail and is carried out at a significant premium. Wishful thinking I know but everyone's had more than enough chance to load up while it's undervalued.

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Agree consolidation for penny stocks are a waste of time.

an example Is ELT, I have nfi why the board did it only to have the MC slowly decline!
there is no liquidity in the stock at the moment.

MCT Price at posting: 0.3¢ Sentiment: None Disclosure: Not Held
3 Upvote

0 Great analysis

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(20min delay)
Last 2.6¢		Change -0.002(7.14%)		Mkt cap ! $16.08M

Open	High	Low	Value	Volume
2.8¢	2.8¢	2.6¢	$77.34K	2.843M

Buyers (Bids)

No.	Vol.	Price($)
7	1717400	2.5¢

Sellers (Offers)

Price($)	Vol.	No.
2.7¢	35000	1

View Market Depth

No.	Vol.	Price($)
7	1717400	0.025
5	1409600	0.024
2	72000	0.023
2	73412	0.022
1	178000	0.021

Price($)	Vol.	No.
0.027	35000	1
0.028	50000	1
0.029	281619	3
0.030	374999	2
0.031	212350	2

Last trade - 15.52pm 04/11/2024 (20 minute delay)

ARI (ASX) Chart