That is a great point, increasing the possible number of divisions in price.
At 0.2c the price steps in 0.1c increments, causing a 50% swing in either direction.
a 100-to-1 consolidation making a price of 20c means 0.5c increments, similar to trading down to 0.0195c or up to 0.205c equivalent (before the consolidation).
A great point that I missed - thanks Robbo! Along with the "box-ticking" of not being a penny-dreaful stock...
At our current position I would rather the company focus on producing the goods rather than the current share price, they can clean that up in 6-12 months once we've had a couple of quarterly reports where we actually have cashflow. I'd rather be in a better fundamental position (working mine) before the bigger players show up![]()
That is a great point, increasing the possible number of...
Add to My Watchlist
What is My Watchlist?