Consolidation plus name change = new project acquisition and new team IMO.
So my guess is that someone is looking to accumulate at the lowest possible price before consolidation to be left with a few million shares post the 25:1 restructure.
For my mind, I'm expecting that the sp may fall below the 2.5c mark post consolidation and there could therefore be an opportunity to buy at a lower price than can currently be achieved pre-consolidation.
Ann: Quarterly Activities and Cashflow Reports, page-11
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Last
1.4¢ |
Change
0.001(7.69%) |
Mkt cap ! $11.06M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.4¢ | 1.3¢ | $9.953K | 746.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 3517172 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 443903 | 9 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| REE (ASX) Chart |