Was a 20:1 consolidation.
So if your average was 1c with MGG your breakeven even in terms of capital price would be 20c for LU7.
People's averages can be higher or lower and will depend on how the share market reacts when it relists and if MGG holders just want to get out of the new direction or happy to hold/wait to see what happens but also on the demand from the market for the new business direction into lithium.
MGG was pretty much at cash before so you would think it is up given now there is assets and Iggy does seem impressive however MGG had a great board previously with Michael, Kate & Cameron and nothing came to fruition in terms of rapid/accelerated growth. Still loved how Kate was 100% asking for her pay to be in shares and Cameron was 70% (30% cash for tax would assume) so they seemed to have the right interest but also MGG was probably a small side hustle considering Cameron's net worth is reported to be ~2Bn (2023).
Was a 20:1 consolidation.So if your average was 1c with MGG your...
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Last
2.0¢ |
Change
-0.002(9.09%) |
Mkt cap ! $8.234M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.2¢ | 2.0¢ | $112.8K | 5.372M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 6274326 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 1100103 | 1 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
2.0¢ |
Change
-0.002 ( 9.09 %) |
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| Open | High | Low | Volume | ||
| 2.2¢ | 2.2¢ | 2.0¢ | 1455450 | ||
| Last updated 15.07pm 10/05/2024 ? | |||||
| LU7 (ASX) Chart |