I think this confusion in the RNS, provides opportunity to capital raise at a better price than a clear picture would have allowed.
Then once a capital buffer is in place, the consolidation will be pushed
From there the consolidated price will erode sharply
Effectively diluting current shareholders into minor holders
Management will gain a significant stake from the 2.5 billion share kitty being created as performance shares
The reset will have completed to begin again, with a few hundred million shares on issue, and a market cap in line with a new explorer
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Last
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Mkt cap ! $86.67M |
Open | High | Low | Value | Volume |
0.3¢ | 0.4¢ | 0.3¢ | $37.01K | 11.20M |
Buyers (Bids)
No. | Vol. | Price($) |
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621 | 614314463 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.4¢ | 530027419 | 138 |
View Market Depth
No. | Vol. | Price($) |
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3 | 1509999 | 0.004 |
615 | 624828514 | 0.003 |
146 | 354739497 | 0.002 |
54 | 285729851 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.003 | 1510000 | 3 |
0.004 | 564529467 | 140 |
0.005 | 217742515 | 113 |
0.006 | 102458919 | 69 |
0.007 | 216392370 | 46 |
Last trade - 16.10pm 20/05/2024 (20 minute delay) ? |
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Change
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