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Spot on.There are plenty of examples across the market e.g. WBT...

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chartorscience

42 Posts.

25

21/02/21

15:28

Post #: 51193103
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Originally posted by Hoodlum: ↑

Not a stupid question.

This is my basic understanding.

Listing a company on the ASX is an expensive and time consuming process.

The alternative is to find a company trading at a very low MC, take it over and back in a new project.

Often a project is looking for a home or a home is looking for a project. The home being a publicly listed company.

UUV and UUVOA are trading at levels that cant go much lower. .001 is the lowest on the ASX, thats 1/10 of one cent.

There is literally only two ways this can go - stay the same or up.

A new project of quality and, preferbly, in a hot sector is the catalyst for change. Its unlikely the "new" or Phoenix company will continue trading at the same levels.

This is the punch. General illustration and I am not referring firectly to UUV or UUVAO

Minumum bid and SP is .001.

If you buy a share at .005, then each increase must be at least .001 or 20%. Every .001 is 20%.

Little while ago I bought options of a gold explorer for .001. Every .001 increase up, was 100% gain.

Thats the leverage people talk about.

Just get an understanding of price catalysts.

ANY others wish to contribute?

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Spot on.

There are plenty of examples across the market e.g. WBT came onto the ASX via RTO of Radar Iron Limited.

UUV Price at posting: 0.3¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.2¢		Change 0.001(9.09%)		Mkt cap ! $8.438M

Open	High	Low	Value	Volume
1.1¢	1.3¢	1.1¢	$22.97K	1.994M

Buyers (Bids)

No.	Vol.	Price($)
3	2867831	1.2¢

Sellers (Offers)

Price($)	Vol.	No.
1.3¢	450000	1

View Market Depth

No.	Vol.	Price($)
3	2867831	0.012
1	550000	0.011
1	1000000	0.010
5	1151607	0.009
5	3035006	0.008

Price($)	Vol.	No.
0.013	450000	1
0.015	50000	1
0.016	160000	2
0.017	647574	3
0.018	50000	1

Last trade - 16.10pm 01/07/2024 (20 minute delay)

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