re: Ann: Technical and Corporate Presentation... Hi Braggy,
you make some valid points.
"Another point to mention is that ABU has a very large share registry, the volume of shares in the market place will certainly impact on any SP movement of significance I would expect."
Reply: The size of registry should make little difference.
It is the VALUE of the company that matters.
If they keep digging ounces or have a trial mine and the value of the company increases the price of the shares shall adjust accordingly to reflect the changing market cap.
Present market cap is $137million @ 4.2cents per share.
If the value of the business changes to reflect $274million the share price shall increase to 8.4cents.
A companys value doesnt go down, or doesnt move 'because they have a large share registry'.
The price of a share is only a portion of the true value, you then must combine the shares on offer to determine a value/market cap.
So hence, it is the market cap that matters.
Cheers
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0.3¢ |
Change
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Mkt cap ! $5.294M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $875 | 350K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 7425864 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 19855356 | 21 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 7425864 | 0.002 |
12 | 99383432 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 19855356 | 21 |
0.004 | 4380859 | 7 |
0.005 | 889000 | 1 |
0.006 | 166666 | 1 |
0.016 | 4926376 | 1 |
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