ENB 0.00% 0.5¢ eneabba gas limited

I'm here for long-term, so a 1 for 3 consolidation doesn't phase...

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    I'm here for long-term, so a 1 for 3 consolidation doesn't phase me because it reduces the SOI. My rough napkin calcs tell me that based on 1 for 3 consol:

    Shares pre consol = 524m = equiv. 174m
    Shares to be issued = 289m
    Total SOI = 463m
    Inferred post consol / raise / re-list market cap @ 3c = 463m x 0.03 = 13.9m

    Cheers, for the concern though. It's definitely a key piece of information to consider.
 
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