I have just popped in to read some posts about your vanadium. Interesting!
I want to take you up on the comments about the large number of shares on issue meaning nothing.
RNI recently had 0ver 1.5b shares on issue. However, after a 5:1 consolidation the number is now about 320m. This is the reason management put forward for the consolidation.
The share consolidation will reduce the number of shares and should lead to less volatile percentage movements in daily trading activity. The reduction in share capital will also reduce administrative costs and provide a better base to access equity capital markets in the future.
MLX consolidated. LOM consolidated. Maybe AVL should do so too.
RNI's MC is much the same after the consol'n, although a bit higher.
AVL: Preparing for a rerate., page-18
-
- There are more pages in this discussion • 1,136 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add AVL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $138.1M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.6¢ | 1.6¢ | $31.38K | 1.963M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 73 | 16062227 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 7671052 | 6 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| AVL (ASX) Chart |