MTL 33.3% 0.2¢ mantle minerals limited

[VIDEO] Experienced team and data-driven science behind Mantle’s pursuit for gold, page-13

  1. 358 Posts.
    lightbulb Created with Sketch. 192
    If you have 2 million shares at current price of $0.002 then your holding will be worth $4,000

    if they consolidate shares on a 10 for 1 ratio your holding will reduce to 200,000 shares. Now theoretically with less.shares on issue the share price should roughly multiply by 10 times taking it to $0.02. You would then have 200,000 shares at a price of $0.02 still valuing your holding at $4,000

    Unfortunately after the last consolidation whilst the share price jumped up a little, it eventually fell back to the pre consolidation levels. If this happened again you would have 200,00 shares at.$0.002 giving you a value of $400. In this case.the company after a period could sell your shares. You could purchase additional shares to bump the value above the $500 threshold to maintain your holding.

    Ideally the company would have a.raft.of announcements following a consolidation to help maintain interest in the companies projects so that the share price after consolidation stayed bouyant and strong and didnt stagnate back to a low level.

    that's my understanding anyway.
 
watchlist Created with Sketch. Add MTL (ASX) to my watchlist
(20min delay)
Last
0.2¢
Change
-0.001(33.3%)
Mkt cap ! $12.39M
Open High Low Value Volume
0.2¢ 0.2¢ 0.2¢ $11.91K 5.956M

Buyers (Bids)

No. Vol. Price($)
15 33589850 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 76087953 79
View Market Depth
Last trade - 15.31pm 23/07/2024 (20 minute delay) ?
MTL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.