Consolidation will not affect a good stock -- it will often allow a bad stock to settle to its true value.
Carry on drivel about consolidation does not help anyone, except as yet another downramp tool for selfish reasons.
Before and after consolidation to obtain a manageable SP and SOI - M. Cap remains the same, so does EV. A big buy will send the Cap and SP up by the same percent - no difference in real metrics.
Today should have finished at 0.8c - but was ramped down OR sold into by tired holders - once that sickness passes 88E will arrive at its true value - Mr Market will see to that.
[However Mr Market will also examine the Company's management practices, and will IMO mark it down on that score - meanwhile shareholders have an opportunity act on that at the AGM]
My opinion only DYOR.
Ann: Hickory-1 Upper SFS Zone Flows Light Oil, page-158
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.78M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $61.94K | 27.76M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 606 | 890585595 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 440077690 | 107 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
0.3¢ |
Change
0.000 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 0.2¢ | 0.3¢ | 0.2¢ | 2479358 | ||
| Last updated 15.50pm 14/06/2024 ? | |||||
| 88E (ASX) Chart |