Could be 3.6 or more OR another dump into 3.4c .
People get scared of the high number of shares, thinking this is a problem. To calm the nerves :
1. If that was an issue then it would have never been able to pass the 2c
2. Assuming all oppies would be converted MOY will end up with 5.5b shares. After a 1:10 / 1:20 convertion MOY would have 550m / 275m shares which then would provide a nice return per share.
3. MC will tell the story when compared to earnings, not the number of shares.
4. The vast majority of shares is held very tight, hence the relative thin sell side compared to shares on issue.
5. If our shares would be converted 1:100 we would have many times less shares than BHP at about the same sp. That's put our share number in perspective.
So, if someone is still concerned, there is always the sell button to make others waiting happy. Win win for both.
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