Agree, given a lot more shares will need to be issued to help fund the equity component of the mine cost at some point, I think any share consolidation needs to be 25 to 1 as a minimum and maybe 40 to 1. I don’t see any consolidation occurring until some positive news starts flowing with some news to be released after the consolidation as unlike share splits, consolidations tend to be negative for the stock price.
Vanadium news, page-6219
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Last
1.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $120.8M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.5¢ | 1.4¢ | $67.37K | 4.783M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 76 | 26348902 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 20066801 | 29 |
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| AVL (ASX) Chart |