I'm not downramping anything, i am asking how RDN could have a current MC of $90m @3cents ?
How is it when anyone asks a legitimate question they are labelled downramping, yet shareholder33 can just post 60cent bs predictions that would give RDN a whopping 1.8B MC and that is fine hahah.
I mean come on.
Nearology means very little as we are all finding out accross the asx.
The reason i believe RDN has a current MC of $90m is because it has so many shares on issue, and newbies have no idea about market caps and think 3 cents is cheap.
However calculations on MC need to be taken into account.
two simple examples of two companies MC at 3 cents -
ABC 3 cents sp, 100million shares on issue -MC = $3million
XYZ 3 cents per share, 3 billion shares on issue- MC = $90million.
Huge difference and that is where i think this is at.
is 60 cents possible, page-28
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Last
4.6¢ |
Change
0.003(6.98%) |
Mkt cap ! $128.2M | |||
| Open | High | Low | Value | Volume |
| 4.5¢ | 4.7¢ | 4.4¢ | $1.006M | 22.08M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 636171 | 4.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.7¢ | 2020169 | 5 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| RDN (ASX) Chart |