At 3c ASN’s market cap is 16.5 million.
at 30c ASN’s market cap is 165 million.
For a Disallowed from 3c thats a company increase of 148.5 million.
To use PLS for an example. Lets say they now have 2bill shares on issue. For them to go from 35c to 42.5c thats a raise of 7.5c equates to increase in company value of 150 million.
GXY have 400million shares on issue at $1.06/share an increase of 42c to $1.48 a share represents an increa in market value of 150million
At the lower end of the share market, additional value to a company equates to big percentage increases for company holders.
I agree, that short term, i dont think we will see 10 bags for a while, but long term, i do view this company at being valued well over 150 million, seeing as we are sitting on Billions of dollars worth of minerals.
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12.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $154.8M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 2098 | 14.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.0¢ | 153336 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | 0.125 |
1 | 208333 | 0.120 |
12 | 1289672 | 0.115 |
15 | 1274634 | 0.110 |
20 | 1124910 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.120 | 153336 | 2 |
0.125 | 100000 | 1 |
0.130 | 123522 | 5 |
0.135 | 188543 | 5 |
0.140 | 433720 | 4 |
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