JRV 9.09% 1.2¢ jervois global limited

unusually high turnover., page-3

  1. 12,191 Posts.
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    Sorry to have negativeview on this turnover at the moment...

    Looks like people selling off into the buying queue at 0.1c before the consolidation...

    I have voted against the consolidation of shares as I think that if this hits 10c (at 100:1 ratio), this can have a huge downside (which is impossible for us now at 0.1c)...based on lack of any good news (and with Bullabulling royalty a pipe dream now), it is best to keep the sp @ 0.1c...

    If you guys have not voted against this consolidation, please do so if you think my logic against the consolidation is correct...

    DP surely knows this and the fact that he is still going in for a consolidation means he expects some good news in the next 2-3 quarters and with a small numer of shares available (40 million compared to 4 billion), the sp can move up faster.... BUT that is based on the premise that the sp will move UP...looking out our history, I am not too confident of that happening...

    so best option is to let the sp languish at 0.1c and not see any erosion in Market Cap than to consolidate it to 10c and see it fall down by (say) 50% to see the MC @ $2 million...
 
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Last
1.2¢
Change
0.001(9.09%)
Mkt cap ! $32.43M
Open High Low Value Volume
1.1¢ 1.2¢ 1.1¢ $15.88K 1.340M

Buyers (Bids)

No. Vol. Price($)
17 3989215 1.1¢
 

Sellers (Offers)

Price($) Vol. No.
1.2¢ 107270 2
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Last trade - 16.10pm 07/11/2024 (20 minute delay) ?
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