RXL 3.57% 14.5¢ rox resources limited

THE PREDICTORS - YOUANMI SUPER PIT., page-8

  1. 4,476 Posts.
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    "If Rox had 1 B shares the SP would be 11.3 centsThe market cap or value of the co would be the same.The MC is $114 mIts the MC that is important not the no of shares that make up the MCIs Rox worth $114m?If no then don't buy in.Up to you"

    ... you really haven't been trading long have you ...

    ... from a punters interest the more shares on issue the more your existing position is diluted and the harder it maybe for a share-price to move higher ...

    ... if Rox had had 2 billion on issue when pushing up from 0.010 .... probably would have only touched 0.040 [not hit 0.090 or 0.080] ..... it gets harder for the share-price to move higher .... but the MC technically is the same .... and Rox are not BHP or FMG ...

    ... To make it 'clown friendly' @ so your Rocket gets smaller every-time more shares are issued, but the rocket maybe worth the same [not for long], just gives you less performance ....
    Last edited by Linebacker11: 31/08/20
 
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