Honestly, the fact this is 0.2 cents is really going to hold it back. It's 50% more market cap to get to 0.3c. And 0.4c is double the current market cap. It's a lot of value to create from one pip.
To be honest, this could use a 10:1 or 20:1 consolidation so that each 0.1c moves the market cap by $500K not $5M.
Like, which broker is getting in here for a $1M capital raising at 0.1c, a 50% discount? They won't take it at 0.2c because they can't clear the decks.
So, i reckon that's what's next. It's what has to come next.
MLS Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held
