I find it very strange that so many are concerned about this consolidation. Its literally just a wash. The company fundamentals will remain the same and price will move fom supply and demand regardless. Anything over 2B shares out just looks extremely bloated and a higher share price will attract investors who avoid penny stocks.
As a full time trader I can say that this is irrelevant and the chart will adjust accordingly. Anyone preaching that this is bad is making a mountain out of a molehill. Weekly BOS at Monthly demand, daily swing bullish, monthly swing bullish. Demand at 3c if price gets there. All on the back of great fundamentals. TP 11c. Some free gems, all IMO
Ann: Proposed Consolidation of Capital, page-104
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Last
43.5¢ |
Change
0.050(13.0%) |
Mkt cap ! $154.9M | |||
| Open | High | Low | Value | Volume |
| 39.5¢ | 43.5¢ | 39.5¢ | $494.8K | 1.194M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3150 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.5¢ | 44421 | 1 |
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| Last trade - 15.56pm 30/08/2024 (20 minute delay) ? |
| AUC (ASX) Chart |