Actually DLS is an excellent example of the impact a share consolidation has on the SP.
DLS did its 1:10 reverse split in Feb 2011, whereupon the price went from 72.9c to 44.5c over the ensuing 7 months.
It didn't really start to recover until they were able to announce new finds and increased resources in early 2012.
I'm not saying PRR should never do a share consolidation, just that until they can rack up some significant progress towards commercialisation, the market would see it as a furphy and crush the SP further.
Shareholder's Lament......., page-17
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Last
29.5¢ |
Change
-0.040(11.9%) |
Mkt cap ! $428.5M | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 33.0¢ | 28.0¢ | $7.278M | 23.75M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 53192 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 41048 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| IMM (ASX) Chart |