Ann: Q3FY19 Activities Update and Appendix 4C, page-76

The closing price of $0.53 is equivalent to $0.53/25= 2.12cents prior to consolidation by 25x. The previous capital raising was for 3.5 cents, which people were prepared to pay. If the fundamentals of the company hasn't changed, you will be paying 25x0.035 cents ie $0.875 if there is a capital raising of 3.5cents per share as prior to consolidation. So I believe anything under $0.875 post consolidation is a good price. Anything under that is a discount to the previous capital raising. Some simple mathematics tell us that for traders, these fundamentals don't matter as they are only trading for profits. For investors, if you believe that true worth of the company is in the dollars, then you are getting a bargain for the current price of $0.53 when it closed. Think wisely before you sell your shares if you believe the company is worth investing as any impending good news may cause the share price to skyrocket, and you won't see the current price repeated again as post consolidation makes the shares dearer per share due to the smaller numbers of shares, and they could appreciate very dramatically if shareholders believe in the company.