I am not providing any financial advice but the practical side for me would be if the shares go up to 12c prior consolidation i would probably bail and come back subject to share price later. At $1.20 share without and income coming into the company for me would be an elevated risk and i am still not made any money for a 4 year investment. consolidation at 10 times reduction will reduce the ability for me to make any meaningful IRR. I have another nickel company that went through a 17 times consolidation reducing 1.6 million shares down to approx. 97k with the result a broker firm suddenly pops up after consolidation with the company issuing 25% of the company book in shares. Company board ok more performance shares issued but with the existing shareholders feeling would the f!!!!
The shares have increased by 500% but this is only 97K shares not the 1.6m base. So I wanted to say is that the higher the share price to start with the less buyers are willing to risk they cash
I have shares in lake resources and they have not completed any consolidation that i am aware off even though the issue has been raised recently due to brokers again. Share price 4c to last i checked 85c
So in my opinion i am not a fan of consolidation with it reducing my ability for a reasonable IRR an elevated profile due to higher base share price with an asset that may not be producing any income at the time
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Last
0.8¢ |
Change
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Mkt cap ! $11.18M |
Open | High | Low | Value | Volume |
0.7¢ | 0.8¢ | 0.7¢ | $15.90K | 2.227M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 5373543 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 2804428 | 18 |
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No. | Vol. | Price($) |
---|---|---|
7 | 5373543 | 0.007 |
26 | 42060112 | 0.006 |
17 | 31977865 | 0.005 |
10 | 6504750 | 0.004 |
5 | 3260000 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 2804428 | 18 |
0.009 | 4508568 | 14 |
0.010 | 4165582 | 22 |
0.011 | 1631002 | 9 |
0.012 | 3343622 | 5 |
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