Thank Fuzk you know how to work out a simple consolidation calculation. To all who clearly cant and dont know stop complaining cause you have it wrong.
As it stands if consolidated today you will have new amount of shares (lower) x new price (higher) = same acc balance
Therefore the total number of shares on issue x price = market cap which wont change.
A consolidation is neither good or bad. Its a psychological rason companies do it. There are examples of positive and negative stories. Once again the market cap will determine your end result And how much you make. Therefore i will say it again. Worry about the big things and all little things wall fall into place.
Mining licences
appeal win
off take
money in bank
Btw why the big fuss re consolidation at the last 2 AGMs the board hinted we will have a 10 or 20/1 consolidation i knew it was coming.
I think its good timing as AVQ is in a new phase of its life cycle and needs a fresh start and new eyes on it. Time will tell.
AVQ Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held