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2.4¢ metals australia ltd

100%... surely management know this?

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zeeb0t

2,012 Posts.

565

04/02/21

17:08

Post #: 50714934
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Originally posted by Blythefan: ↑

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.

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100%... surely management know this?

MLS Price at posting: 0.3¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 2.4¢		Change 0.000(0.00%)		Mkt cap ! $17.45M

Open	High	Low	Value	Volume
2.4¢	2.5¢	2.4¢	$16.19K	668.5K

Buyers (Bids)

No.	Vol.	Price($)
1	322188	2.4¢

Sellers (Offers)

Price($)	Vol.	No.
2.5¢	44250	1

View Market Depth

No.	Vol.	Price($)
1	322188	0.024
3	543043	0.023
9	3246180	0.022
2	442857	0.021
5	625000	0.020

Price($)	Vol.	No.
0.025	44250	1
0.026	136513	2
0.027	450600	3
0.028	115000	1
0.029	75000	1

Last trade - 15.41pm 30/09/2024 (20 minute delay)

MLS (ASX) Chart