Price target will very likely change if they were to consolidate but I'd be looking at the market cap over the price. If you're saying your price target is $2, that's 15 times the current putting the MC @ ~$5.6bil. MC won't change on the consolidation, just the structure. Dilution won't help though unless they are adding strong value i.e. revenue from the refurbishment options in the other day's scoping study.
The big question will be, does everyone else think the value should be 15 times the current. Maybe trading at $1.35 versus 0.135 will change investors' mindset.
Ann: Trading Halt, page-33
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Last
0.5¢ |
Change
0.001(25.0%) |
Mkt cap ! $18.56M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $9.661K | 2.404M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 90 | 66568063 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 16479836 | 30 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| POS (ASX) Chart |