Sorry but the math is confusing. If I am reading right buying 215,000 shares for $6,000 you bought in a 2.79c per share pre consolidation.
The consolidation ratio was 0.002, reducing your holdings from 215,000 shares to 4,300. At a price of $0.002 per share, 215,000 shares equate to the same value as 4,300 shares at $0.10, both totaling $430. Based on an initial investment of $6,000 it seems likely that you purchased your shares in November 2021 at an entry price of approximately 2.79 cents pre-consolidation. This would be equivalent to $1.39 on the ASX website, aligning with that timeframe.
Investing in November 21, you were likely going off the September quarterly released in October 2021 which featured the Warrior, Combatant and Gladiator Projects as well as the $3m Scandinavian sale. Just pointing out here that Pursuit has none of those projects on its website, 2 of the 3 directors listed are no longer with the company and Kendrick mentioned as the buyer in the quarterly has gone from 3.25 to 0.27 per the LSE website listing in May 22.
The consolidation itself hasn’t been the main factor affecting your investment performance. Instead, it appears to be the timing of your entry in late 2021 and the subsequent decline. For example Argentine lithium companies like Argosy Minerals were trading near $0.80 as recently as April 2023, just a month after the PUR lithium deal was finalised, but have since dropped to $0.02 which is a 97.5% decline for AGY holders... did you notice when the share price dropped more than 10% below your investment? Did you consider setting a stop loss? What was the reasoning behind not checking in for nearly four years?
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pursuit minerals ltd
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Sorry but the math is confusing. If I am reading right buying...
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Last
6.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.659M |
Open | High | Low | Value | Volume |
6.6¢ | 6.6¢ | 6.6¢ | $2.434K | 36.87K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 52422 | 6.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.0¢ | 18286 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 52422 | 0.066 |
1 | 40000 | 0.065 |
1 | 24122 | 0.064 |
2 | 156000 | 0.063 |
1 | 8064 | 0.062 |
Price($) | Vol. | No. |
---|---|---|
0.070 | 18286 | 2 |
0.073 | 21175 | 1 |
0.074 | 311298 | 1 |
0.083 | 2794 | 1 |
0.084 | 44000 | 1 |
Last trade - 11.07am 01/08/2025 (20 minute delay) ? |
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PUR (ASX) Chart |