The cancellation of the share consolidation seems to make sense. At 0.001, it can't go down any further. Doing a 10-for-1 change means the price could then drop from the new base of 0.01 to 0.001 again. The board and associates may have decided that they want to buy at the rock bottom to guarantee any price moves are only up. Obviously a bit risky as oblivion is also an option. But it makes a bit more sense after todays EIS announcement
The cancellation of the share consolidation seems to make sense....
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Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.447M | |||
| Open | High | Low | Value | Volume |
| 0.1¢ | 0.1¢ | 0.1¢ | $900 | 900K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 38 | 281961046 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 272205674 | 60 |
View Market Depth
| Last trade - 09.59am 28/07/2025 (20 minute delay) ? |
| MTL (ASX) Chart |