Ain't gonna happen. CN was very clear on this. It is something that they keep in mind but will only give serious consideration on the back of GOOD NEWS..
My reading is an 10:1 consolidation on the back of strong appraisal results. If the appraisal results see the SP appreciate to 17-20c p/s it means that a 10:1 consolidation will put the SP in the exact ballpark ($1.70 - $2.00) that the instos(US investors) would be looking at. That's should see FAR being able to raise massive funds. (also we should not forget that FAR is very optimistic that we should move closer or into ASX 200 by year end. That in itself envisages a MC of what ? double from what we are now?? That will be the time for consolidation. when we are at 20c p/s. But all IMO.
Consolidation, page-2
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Last
50.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.66M | |||
| Open | High | Low | Value | Volume |
| 50.5¢ | 50.5¢ | 50.5¢ | $14.48K | 28.69K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5356 | 50.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 59999 | 2 |
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| Last trade - 15.44pm 12/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |