Share consolidations have sometimes sunk the share price back to the same level where it used to be before the consolidation, so if this happened here with a 4:1 it could effectively drive the price way down to 0.002, bad enough already at 0.007-0.006
The SP was over 3 cents a little over a year ago with less ore proved up, so why would anyone even give breath to the thought that a share consolidation is a magic formula
The SP performance has nothing at all to do with amount of script, the MC is the markets appraisal where the SP is at, so script number changes won't change the MC
It is all about if holders are encouraged to do just that - HOLD, the only way to get more to hold on for the future benefits, which is all about future SP gains is to give the investors a belief in the future of this company, that this company is moving forward, showing timelines for work and most importantly (can't stress this aspect enough), a continuous updating to the market especially with respect to the way forward to the extraction and processing
I hope that this sell-off with no real underlying reason except being the EOFY has management scratching their heads and doing a lot more planning and also about how they intend to keep the market fully informed instead of in the dark as it is ATM
It is much too quiet on this front, so what do management expect?
No news = no general interest
No future plans = no investors interest
- Forums
- ASX - By Stock
- share reduction
Share consolidations have sometimes sunk the share price back to...
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BCN (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $82.64M |
Open | High | Low | Value | Volume |
2.2¢ | 2.2¢ | 2.2¢ | $50.77K | 2.308M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1820386 | 2.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.3¢ | 1149120 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1820386 | 0.022 |
11 | 2474353 | 0.021 |
5 | 3591841 | 0.020 |
2 | 46368 | 0.019 |
2 | 188000 | 0.018 |
Price($) | Vol. | No. |
---|---|---|
0.023 | 844120 | 5 |
0.024 | 2196666 | 6 |
0.025 | 1441945 | 3 |
0.026 | 2657608 | 5 |
0.027 | 83333 | 1 |
Last trade - 15.59pm 09/10/2024 (20 minute delay) ? |
Featured News
BCN (ASX) Chart |
The Watchlist
AHK
ARK MINES LIMITED
Ben Emery, Executive Director
Ben Emery
Executive Director
SPONSORED BY The Market Online