Hi Bollinger,
I'm no expert on such matters but I'd also like to see a consolidation at some point in the future as I also agree that there's too many shares.
I feel that it's a catch 22 presently though.
I watched Avita Medical (AVH) do this at a ratio of 20:1 earlier this month.
AHV share price had been steadily climbing from .14c in March 2019 up to .83c this year, until Covid19 struck.
It then dropped to .34c during the mass sell off then clawed back to hover around .45-.50c for 4 months
Maybe they though July was a good time to do this due to the 4 months of recent stability.
As soon as they consolidated at 20:1, AVH shares dropped around 25% in value over the next week and remains around $6.60 (=0.33c) still, and under the Covid19 bottom.
I'm not confident PWN share price would hold up with a consolidation done prior a revenue stream being generated through aMES.
My fear is that this would trigger a mass stampede for the hills if done prematurely.
Just my thoughts.
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Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $30.43M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.1¢ | $20.68K | 1.880M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 287644 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 1237926 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 287644 | 0.011 |
13 | 9986622 | 0.010 |
16 | 11403238 | 0.009 |
6 | 4112500 | 0.008 |
6 | 5258580 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 1237926 | 6 |
0.013 | 1274991 | 3 |
0.014 | 1256000 | 1 |
0.015 | 1804820 | 4 |
0.016 | 1497807 | 4 |
Last trade - 14.34pm 07/07/2025 (20 minute delay) ? |
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AUSTRALIAN GOLD AND COPPER LTD
Glen Diemar, MD
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