AVM advance metals limited
Add to My Watchlist 2.17% ! 4.7¢

No share consolidation required right now.But if there is more...

  1. rep96
    1,662 Posts.
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    27/07/23
    15:40
    Post #: 69017966
    No share consolidation required right now.
    But if there is more CRs it will. A simple 1mil CR at current price is more than 20% of the SOI.
    At my average price of 2.3c the MC was ~7mil
    Now at 2.3c we have a whole bunch of options supply and a market cap closer to 20mil.
    Many long term holders who bought at much higher prices I'm sure would be thinking a share consolidation to improve spreads and supply as an exit.
    Have a look at BAS, ECT, MLS & LRS and various other stocks how share consols has helped.
    By all means what I said is my opinion, nothing stated are facts.

    Anyways currently a day without red is a good day.
    Lets hope what is mentioned in the quarterly happens.


    AVM Price at posting: 0.7¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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Last
4.7¢ 		Change
0.001(2.17%) 		Mkt cap ! $12.45M
Open High Low Value Volume
4.5¢ 4.8¢ 4.5¢ $82.24K 1.732M

Buyers (Bids)

No. Vol. Price($)
1 1433 4.7¢
 

Sellers (Offers)

Price($) Vol. No.
4.8¢ 49949 1
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Last trade - 16.10pm 20/06/2025 (20 minute delay) ?
AVM (ASX) Chart
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