re: consolidation...more4u2 I think the higher price per share will open a few doors with big investors. Many cannot touch penny stocks as part of their charter. Now with a 90cent - $1 stock they will be allowed to buy in.
I am a bit concerned that in effect EXT has paid somewhere between 60 - 70 million dollars (in shares) for the 49%.
I know that existing drill results have added value to the prospecting license but that's still a lot of bucks.
The 1 for 10 consolidation has been on the cards for a long time and on balance will be a positive. I would welcome a larger percentage of shares held by long termers (like me) and I think this move will help achieve that.
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re: consolidation...more4u2 I think the higher price per share...
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Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 117500 | 1.3¢ |
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Price($) | Vol. | No. |
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1.0¢ | 23933 | 1 |
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No. | Vol. | Price($) |
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2 | 117500 | 0.013 |
1 | 100000 | 0.012 |
6 | 434250 | 0.011 |
8 | 7399896 | 0.010 |
3 | 1012500 | 0.008 |
Price($) | Vol. | No. |
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0.010 | 23933 | 1 |
0.012 | 56461 | 2 |
0.013 | 4186118 | 5 |
0.014 | 6911109 | 5 |
0.015 | 1344179 | 3 |
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