They need a minimum 300 Shs to list MTL. By the sound of it not many SOC holders intend to participate.
Sharetrader78
That $1.3M available is Bergen money. Using that would guarantee the SP gets pushed down. I have seen examples where Companies have dropped from 10+ cents to sub 1 cent because they used this sort of funding to cover all of the cash flow expenses.
Valuing a company on its fundamentals doesn't work when you have one SH constantly receiving millions of shares at a discount who then promptly goes to market to get a quick profit.
Daytr
I suspect there have been enough shares bought around the 6/7 cent mark now for those holders to accept the loss and bail. The buyers at 5 cents might bail at 4 etc. etc....
I personally am on a buyers strike. The stock I hold I will keep [because the value does not go away] but from this point onwards the next purchase for me will be treated as an entirely new investment [and I will trade it as such]. It is shocking to me that the SP is going so low and I have to restrain myself from buying .... but the knife is still falling. At this point I am playing to protect myself as much as possible, this can get a lot worse. My time frame for a SP recovery is stretching out to a couple of years IMO. [I have to add that my finances now are totally screwed]
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They need a minimum 300 Shs to list MTL. By the sound of it not...
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Last
12.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.30M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 87271 | 11.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 87271 | 0.110 |
2 | 94800 | 0.100 |
1 | 150000 | 0.097 |
1 | 21052 | 0.095 |
1 | 200000 | 0.090 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 100000 | 1 |
0.170 | 59840 | 1 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
Last trade - 16.12pm 22/07/2024 (20 minute delay) ? |
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