This is a good move. The insto's understand it, your retail investor probably wont.
The insto's will determine the valuation of the new companies, they own what... almost 50% of the company at the moment?? They know that they will apply a premium now to the lithium company as it will now attract a much higher PE than than of a combined Metal/Chemical company.
consolidation..., page-15
Add ADY (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $19.55M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 328833 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 492990 | 1 |
View Market Depth
| Last trade - 16.12pm 05/07/2024 (20 minute delay) ? |
| ADY (ASX) Chart |
Day chart unavailable