"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 ....
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"If Rox had 1 B shares the SP would be 11.3 centsThe market cap...
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Last
30.0¢ |
Change
0.010(3.45%) |
Mkt cap ! $223.9M |
Open | High | Low | Value | Volume |
30.0¢ | 30.3¢ | 29.5¢ | $159.1K | 531.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2500 | 30.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
30.5¢ | 269611 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2500 | 0.300 |
4 | 150249 | 0.295 |
4 | 92922 | 0.290 |
3 | 205909 | 0.285 |
7 | 72883 | 0.280 |
Price($) | Vol. | No. |
---|---|---|
0.305 | 269611 | 2 |
0.310 | 510225 | 7 |
0.315 | 215776 | 3 |
0.320 | 220799 | 7 |
0.325 | 26667 | 1 |
Last trade - 16.20pm 10/07/2025 (20 minute delay) ? |
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RXL (ASX) Chart |