The only people who make money on share consolidations are the lawyers advising and who regularly push for these things so they can generate billable minutes, and those getting free performance shares on top of their salaries. I'll caveat this by saying that is when there is no VERY significant catalyst. I'd consider 300 Hadrians signed sealed and on delivery, as such a catalyst, or a signed deal with Mexico and Saudi for 100,000 houses at the least.
There is no reason to do a share consolidation, particularly for a company where 60% of the register is so tightly held. We're not a f@#$%ng miniglng explorer. We're a revenue generating company with absolutely massive growth potential worldwide.
mike needs to check himself with this share consolidation nonsense and change his advisors.
Investor Call 9 August 2024, page-48
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Last
3.8¢ |
Change
0.002(5.56%) |
Mkt cap ! $183.3M | |||
| Open | High | Low | Value | Volume |
| 3.7¢ | 3.9¢ | 3.7¢ | $199.7K | 5.255M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 1127847 | 3.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.9¢ | 2062886 | 7 |
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| Last trade - 15.36pm 18/11/2024 (20 minute delay) ? |
| FBR (ASX) Chart |