You'd think so , wouldn't you. Do some solid research on the reality of it though in the area of microcaps. The reality is a lot different and in most cases leads to a serious depreciation in shareholder value.
After a commercially viable mega-find of whatever resource they are searching for is the only time when a consolidation is beneficial to shareholders, as this is when the majors sit up and take notice and institutions start buying up big and the action really begins.
Hope you find this helpful.
Good summary here of the current situation, page-30
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.78M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $59.97K | 28.45M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 385 | 448921908 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 577454273 | 149 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| 88E (ASX) Chart |