Simply put.......(I hope)
A company could go broke based on lots of debt V no money/assets or inability to raise further funds to repay the debt.
If they run out of money and cannot raise more then one would expect a long term trading halt.
The company would have to be broke before the SP could drop to zero.
$00.001 is the lowest it can trade while listed. Not sure if a CX trade can be done between $00.00 and $00.001
~53.4m shares at $00.001 would give a MC of ~$53,400.00 (the shell is worth more than this)
Currently it has a MC of ~$2M
http://thepubliclistingco.com.au/services/asx-shell-companies/
News: WML Woomera Mining Says Oz Exploration To End Participation In Musgrave Project, page-3
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.137M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 18746946 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 23867916 | 20 |
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| Last trade - 16.12pm 04/10/2024 (20 minute delay) ? |
| WML (ASX) Chart |
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