False bay is correct there are several coys that have done it I know one explorer that went ahead. Share price was 2.6 consolidation 1 :10 now down 60% after consolidation.
You would be mad to do it in this current mkt climate with the current share price. If it was 20-30 cps and depending on the extent of consolidation and what was happening in terms of future plans ie: mining possibility or JV . Maybe then it would be more appropriate.
Hypothetically if you had a 1:5 consolidation that wld bring it to roughly 6 cents. I wld guarantee the way the mkt is at present you'd see it back at 3 cents perhaps on no news.
False bay is correct there are several coys that have done it I...
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Last
$2.85 |
Change
0.060(2.15%) |
Mkt cap ! $199.1M | |||
| Open | High | Low | Value | Volume |
| $2.79 | $2.90 | $2.79 | $150.0K | 53.54K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1800 | $2.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.90 | 2864 | 2 |
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| Last trade - 14.25pm 05/07/2024 (20 minute delay) ? |
| DSE (ASX) Chart |