You touch on the SOI.
The number of shares on issue will grow to 2.6billion once the share issue is completed. At some point management has to go for a very sizeable consolidation surely. The argument I know is that consolidations always bring down the share price, but we can't go on with 2.6 billion forever and at some point, perhaps when we have some positive news to mix with it, this should be tackled. Or do you think we wait till Itapitanga and possibly Jambi start bringing in revenue streams and we then do a buyback?
News: CTM Centaurus Metals Seeks Trading Halt, page-44
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Last
36.5¢ |
Change
-0.025(6.41%) |
Mkt cap ! $186.0M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 37.5¢ | 36.5¢ | $70.48K | 189.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6504 | 36.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.0¢ | 12021 | 4 |
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| Last trade - 14.08pm 09/09/2024 (20 minute delay) ? |
| CTM (ASX) Chart |