I recall DP's proposed resolutions in the GM has a billion new shares issued at 0.0004, with a 2 billion options. We didn't think that was a good idea. So would the new proposals by the current BOD any better?
Someone with a good project to inject into the company, would surely want a premium for it. So the exchange can't be at or more than 0.001. Otherwise shares can be had by accumulating them in the open market at 0.001, and then take control of the company. Not entirely sure of the ASX rules though.
I believe it will all happen at the same time, i.e. consolidation, injection of new projects, and appointment of new directors perhaps. If timed correctly we could see a revitalised BDI SP.
Not sure what's cooking, but waiting to see what's served. Don't mind the consolidation as long as what's served tasted good.
Ann: RC Drilling program commenced at Barkly Gold-Copper Project, page-71
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Last
2.3¢ |
Change
0.001(4.55%) |
Mkt cap ! $21.98M | |||
| Open | High | Low | Value | Volume |
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| Price($) | Vol. | No. |
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| Last trade - 10.09am 03/05/2024 (20 minute delay) ? |
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Change
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| Open | High | Low | Volume | ||
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| Last updated 14.43pm 03/05/2024 ? | |||||
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