That's a good point about the higher platform as the result of the consolidation. However, as you state if none of this bears fruit then I am not sure the company is viable anyway. There is no difference going bust at .01c or 1.1 cents.
I was taking a more positive outlook and thinking the company needs to start looking to the future of production and viability. Having 150m shares and a decent share price might make them an attractive option to serious investors who do not touch penny stocks.
As a general rule consolidations rarely work for me. Usually the consolidated share price goes south due to lack of news etc. I was hoping that PWN is finally coming of age and thought it needed to dress up a bit and show some leg as it enters the real world.
That's a good point about the higher platform as the result of...
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Last
1.2¢ |
Change
-0.001(7.69%) |
Mkt cap ! $33.20M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.2¢ | $27.18K | 2.273M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 9306290 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 188000 | 1 |
View Market Depth
| Last trade - 15.45pm 14/11/2024 (20 minute delay) ? |
| PWN (ASX) Chart |