Australia's largest stock trading and investment forum Australia's #1 stock forum

CLZ

Click for more information

0.00%

0.3¢ classic minerals ltd

Ann: Consolidation/Split - CLZ, page-184

First 184 Last

Share
Profile

Follow
FIFOLife

197 Posts.

54

30/03/24

12:07

Post #: 73123205
Share

Originally posted by bungalowbill: ↑

DaftGarf criticized FIFO for selling out and taking a $20k loss.
but what he didn't mention was the stock holding had already been crucified by a 7500/1 reduction due to the 2 consolidatios
Assuming 20 million shares at a tenth of a cent equals $20k After two cosolidations 150/1 & 50 /1 nets an effective reduction of 7500. 20mill So the company had destroyed the value of the holding .divided by 7500=2666 shares times 1.7 cents worth around $40 So the consolidions had almost completely destroyed the value of the shareholding . Not the fact that they were sold.
So FIFO sold a $40 holding after the value of the holding had already been destroyed by the 2 consolidations .

Expand

Couldn’t have said it better myself Bill

CLZ Price at posting: 0.1¢ Sentiment: Sell Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 1 more message in this thread...

First 184 Last

Add CLZ (ASX) to my watchlist

(20min delay)
Last 0.3¢		Change 0.000(0.00%)		Mkt cap ! $1.366M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
14	40619018	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	10906078	5

View Market Depth

No.	Vol.	Price($)
14	40619018	0.003
11	77724999	0.002
10	347999997	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	10906078	5
0.005	4045561	5
0.006	300000	1
0.009	1792140	1
0.027	500299	1

Last trade - 10.37am 06/06/2024 (20 minute delay)


Last 0.3¢			Change 0.000 ( 14.3 %)
Open	High		Low	Volume
0.4¢	0.4¢		0.3¢	200133
Last updated 10.38am 06/06/2024 ?

CLZ (ASX) Chart

Day chart unavailable

SPONSORED BY