When the consolidation occurs, odd numbers of shares may lead to minor rounding losses. The main reason to be opposed at this stage is the consolidation will lead to a lot less liquidity - which cuts both ways - when a stock is falling it can fall further if the seller gets desperate - with high liquidity one can leak out small parcels without spooking the horses (or should that be pigs). Conversely, in a rising market a low liquidity will squeeze prices higher as people hurry to get set ... one can only assume this is being pitched to O/S funds who hate penny dreadfuls.
While this stock has some attractive assets, in a market thats seeing increasing RE shortages, it wont be in production till 2024/25 at best ?
So, IMHO, currently its a lotto ticket which needs Tanzanian government approvals before it can be taken seriously. I'd rather lose some upside, till its approvals come through - this will de-risk ++ and convert it into a probable instead of a possible.
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Last
20.0¢ |
Change
-0.010(4.76%) |
Mkt cap ! $53.28M |
Open | High | Low | Value | Volume |
21.0¢ | 21.5¢ | 20.0¢ | $11.4K | 55.82K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 167499 | 20.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.0¢ | 5886 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 17499 | 0.200 |
2 | 46125 | 0.195 |
2 | 155516 | 0.190 |
2 | 105000 | 0.185 |
1 | 29000 | 0.180 |
Price($) | Vol. | No. |
---|---|---|
0.210 | 5886 | 1 |
0.215 | 4928 | 1 |
0.220 | 30000 | 1 |
0.225 | 66158 | 3 |
0.230 | 71440 | 4 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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