I'm hearing you and don't necessarily disagree (especially for traders) but once all conversions happen you'd still have a large SOI. (over 730mill.)
Check out how these two stocks trade.
CU6
NEU
It really has to be bigger than 10:1 IMO.
This is CU6 over the past 6 months, honestly, they trade completely differently.
Look a consolidation is purely speculation as we have zero knowledge of what management are aiming at moving forward and they will certainly raise more capital not when they need it..... but when they can therefore who knows what the numbers will be in both the long and short term. IMO
Cheers
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Last
6.2¢ |
Change
0.003(5.08%) |
Mkt cap ! $455.6M |
Open | High | Low | Value | Volume |
5.8¢ | 6.5¢ | 5.7¢ | $1.751M | 28.44M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 660964 | 6.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.2¢ | 549788 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 320000 | 0.061 |
8 | 435316 | 0.060 |
2 | 165000 | 0.059 |
7 | 1686333 | 0.058 |
6 | 1100000 | 0.057 |
Price($) | Vol. | No. |
---|---|---|
0.064 | 100000 | 1 |
0.065 | 428308 | 6 |
0.066 | 1116000 | 5 |
0.067 | 1247888 | 2 |
0.068 | 3350000 | 5 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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IMU (ASX) Chart |
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