The share count and market cap are what they are. The only thing changing daily is the share price. So, you were hoping the share price was 1.75c instead of 3.5c?
The liquidity dampener works both ways. If it's really worth 7c, BCN will eventually go up. Consolidation is really only useful to reduce admin cost and facilitate further capital raise. Currently, they're not lacking funds, so time and money are better spent at resource expansion. Also, although fully diluted share count is 3.8b, the current count is "only" 2.9b. Consolidation will probably be in the agenda for AGM this year, then we'll see how fast the share price will go up after that.
Top up or miss out, page-2432
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Last
2.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $93.91M | |||
| Open | High | Low | Value | Volume |
| 2.5¢ | 2.5¢ | 2.5¢ | $13.28K | 531.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 967124 | 2.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.6¢ | 1061750 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| BCN (ASX) Chart |