Once again I stress to all that've I've not been in the market for a long time - so I'm no expert and please correct me if I'm wrong but I can't see CCZ's share price ever reaching that of SFR's as we have so many more shares on issue. SFR has a market cap of $802m with 178m shares issued. We have 1billion shares on issue so for us to reach a similar size to SFR our share price would need to go $.80c or thereabouts.
800m / 178M = $4.4 (SFR)
800m / 1B = $.80c (CCZ)
I can only assume there'd be numerous capital raises in the meantime for CCZ to reach that size resulting in more shares being issued and dilution occurring but if our SP ever got to $.50c I'd be selling I reckon and taking my hundreds of thousands profit and buying a yacht or something! Or, maybe another plane that can fly me out of this holding pattern..
Once again I stress to all that've I've not been in the market...
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Last
0.4¢ |
Change
-0.001(20.0%) |
Mkt cap ! $6.497M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.4¢ | $2.809K | 701.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 10208643 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 226215 | 2 |
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| Last trade - 12.27pm 31/07/2024 (20 minute delay) ? |
| CCZ (ASX) Chart |