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0.00% 1.6¢ tennant minerals limited

Ann: Notice of Annual General Meeting/Proxy Form, page-13

  1. MrPedrick
    182 Posts.
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    23/02/21
    10:41
    Post #: 51239783
    "someone who had 1,000,000 shares bought at 0.001" would be worth $1000
    post consolidation you'd have 50:1 --> 20000 shares @ $0.05 = $1000
    the problem lies with SP and market value post consolidation .... in some cases the value is reduced and the shares drop shortly after consolidation say i.e. 5 cents down to 3.5 cents now your holding is worth 20000 X $0035 = $700

    this is why a consolidation is not always welcomed ....
    BDI Price at posting: 0.1¢ Sentiment: Sell Disclosure: Held
    Likes Created with Sketch. 8  Upvote
    lightbulb Created with Sketch.  Great analysis
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