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41.5¢ toro energy limited

You're confusing cause and effect with an observation -...

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Fernit

864 Posts.

541

07/10/23

06:13

Post #: 70220644
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Originally posted by coto: ↑

One of the rare few. Helps doing it just before the U boom during a waiting period for BOE. It is all about timing, the companies I spoke of did it at the good moments in the market for their respective commodities and where they were at as a company, one already producing, the other at a similar stage as TOE are, on the verge of finance and mine construction. TOE are already too late to do a share consolidation Imo and it will do more harm than good. Better to keep ticking the boxes and let the market do the talking, we are already way oversold, especially with the OZL exit from left field. We need time to work our way back from that huge hit. It will come as the U market stays buoyant.

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You're confusing cause and effect with an observation - consolidation doesn't cause companies to perform worse after them - they in fact have zero impact as is just window dressing as the market cap remains unchanged. What they can indicate is a company that could be in trouble already has they have issued so many shares in multiple CRs to keep afloat or their SP has crashed and they want it to appear psychologically 'better' with a higher number.

Last edited by Fernit: 07/10/23

TOE Price at posting: 1.3¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 41.5¢		Change -0.010(2.35%)		Mkt cap ! $49.91M

Open	High	Low	Value	Volume
43.5¢	44.0¢	41.0¢	$86.48K	205.3K

Buyers (Bids)

No.	Vol.	Price($)
3	61578	41.0¢

Sellers (Offers)

Price($)	Vol.	No.
41.5¢	8832	2

View Market Depth

No.	Vol.	Price($)
3	61578	0.410
2	12500	0.405
6	39250	0.400
3	41102	0.390
2	4323	0.385

Price($)	Vol.	No.
0.415	8832	2
0.420	41389	2
0.430	19193	2
0.440	11500	3
0.450	450	1

Last trade - 16.10pm 16/05/2024 (20 minute delay)


Last 41.5¢			Change -0.010 ( 2.35 %)
Open	High		Low	Volume
44.0¢	44.0¢		41.5¢	56756
Last updated 15.12pm 16/05/2024 ?

TOE (ASX) Chart