The problem with not consolidating is that we're in a bit of a illiquid stalemate at the moment; no one wants to sell at 0.002, but it's hard to justify buying at 0.003 as it's a 50% premium. Consolidation would allow new buyers in as they could buy at (for example) 0.0021 or 0.0022 equivalent. Regardless of consolidation, the price will increase in the medium term in the event of positive drilling results / production.
The problem with not consolidating is that we're in a bit of a...
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Last
0.6¢ |
Change
-0.001(8.33%) |
Mkt cap ! $12.21M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.5¢ | $5.311K | 966.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 9082205 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 4317742 | 3 |
View Market Depth
| Last trade - 15.45pm 29/08/2024 (20 minute delay) ? |
| DTR (ASX) Chart |