There are plenty of stocks with 2Billion plus shares on issue.
Arafura 2B on issue, Dreadnought 3B on issue. Both with market caps 10 x or more LNR.
Now if LNR SP remains the same, then yes your stock holding may be worth 1/3rd of what it is today. But if it rises then it cancels out the dilution and doesn't mean a thing in the long run.
I'd rather have diluted shares in a $100M plus MC company than undiluted in a $14M or less company that can't make progress on it's projects.
It's like the Chicken and the egg, which came first? Do you wait for a high MC to then issue shares, or do you issue shares and unlock a higher MC?
On a converse point it actually increases the liquidity in trading for the stock, and may actually add to more price movement intra-day.
LNR could always do a share buy back once in production/profitable, or a consolidation. Or if the MC increases significantly it won't even be a consideration as it will be inline with industry peers.
Personally I don't see the current number of LNR shares on issue or future plan to issue shares as a major red flag. It doesn't change the project, geology, nearology or progress to date.
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Mkt cap ! $7.330M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $4.725K | 1.575M |
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No. | Vol. | Price($) |
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20 | 17809034 | 0.3¢ |
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Price($) | Vol. | No. |
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0.4¢ | 20238582 | 26 |
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38 | 35645226 | 0.002 |
20 | 86173078 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.004 | 20238582 | 26 |
0.005 | 16208746 | 13 |
0.006 | 15154706 | 16 |
0.007 | 28057830 | 11 |
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