EMC 0.00% 13.0¢ everest metals corporation ltd

Yeah, I don't know about the climb being harder post...

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    Yeah, I don't know about the climb being harder post consolidation. Let's assume someone was interested in the stock pre consolidation because they thought it should be valued at about $5m. Obviously they are happy to pay 0.001 for it because that price values the company much lower than their assessed $5m. However, they don't want to pay 0.002 for their shares, as that values the company at slightly over what they think it is worth... not a bargain at all. So they are not going to push the price higher because they are not going to pay 0.002.

    However, after a 1 for 50 consolidation the shares should in theory settle somewhere between 0.05 and 0.10. This allows a whole bunch of new buyers like the imaginary person above to enter the market, bidding at prices between 0.05 and 0.10 that did not exist before. Of course it also allows sellers greater room to move, hence my comment that a consolidation is a good thing if the sentiment is generally positive and a bad thing if the sentiment is generally negative.

    In short, greater liquidity helps grease the wheels of whichever direction the stock price wants to go. Let's all hope that is up! For goodness sake is a market cap of $20m or $30m too much to ask? There are total rubbish companies on the ASX capped at multiples of that.
    Last edited by mooroolbark: spelling 10/11/22
 
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Last
13.0¢
Change
0.000(0.00%)
Mkt cap ! $24.21M
Open High Low Value Volume
13.0¢ 13.0¢ 12.5¢ $5.798K 46.38K

Buyers (Bids)

No. Vol. Price($)
3 143638 12.5¢
 

Sellers (Offers)

Price($) Vol. No.
13.0¢ 80909 2
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Last trade - 15.31pm 15/11/2024 (20 minute delay) ?
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