A1M 5.21% 50.5¢ aic mines limited

Hi all... I'm new to this.... what exactly does it mean that the...

  1. 20 Posts.
    Hi all... I'm new to this.... what exactly does it mean that the company is "proceeding with $0.07 per share Return of Capital and Share Consolidation"??

    Does it mean that if I own 10,000 shares now, i will get (10,000 x 0.07) = $700
    Afterwhich my 10,000 shares will be reduced by the same amount?
    I guess the bottom line is, do we gain any $$ as a shareholder of this company??

    Thanks for the clarification in advance....
 
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Last trade - 16.10pm 29/04/2024 (20 minute delay) ?
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