ARGONAUT RESOURCES NL share price, page-7

@littleblackduck, To say a pre-consolidation price indicated on a chart is not a true reflection of higher price then, because it is "an adjusted" price is somewhat a false argument.

Had it not been for a pre-consol adjusted SP, a post-consol SP now would have still been of the same relative value, in this case a declined value.

In fact ASX realised this issue a number of years ago and hence introduced adjustment, to better and more realistically reflect the trend in SP.

To explain further, say 10 years ago SP was $1. Then the mob, led the SP to decline to $0.001 now. Say they do a consol of 1000:1 (for simplicity) and new SP becomes $1 again. Now according to your argument, and in absence of an adjustment of pre-consol SP, the SP now ($1) would be the same as what it was 10 years ago, ... whereas, say for example (& not making accusations right at the moment here), perhaps (& not saying here it is the case) due to management $$$alarie$, lawyer fee$$$, travel expense$, trip$ to $ydney and lunche$ at Doyle$ on the Quay or lunche$ on Ea$t Tce, unusually high rent on the lea$e of the office, ... WE, ordinary shareholders, have LOST A HELL OF A LOT of money and value.

I am aware of other considerations and factors, but this was simply to demonstrate the point.