Current market cap is around 7mill. That's a paltry amount with the upside potential. I think a consolidation once miz is worth 30 to 50mill would be better for all concerned. Either way I don't think it's on the cards at the moment. If management are doing their job... They would be focused on spring things up and getting plant working at the most optimum capacity. If we held 1c plus after the acquisition announcement (indicating a bullish reaction by market) then a consolidation could have benefited holders. At the moment a one pip rise is a large percentage gain (once/when/or ever it hits 1c, or 25-30 mill MC, then each pip gain represents a lower %) .
Also... the trading at this level has been quite low compared to when miz was sitting at 0.005-0.007. I think many who had previously bought at these prices got out at 0.008. So most holders now would be sitting on a loss (just how big is the question). I remember seeing single buy orders for 5 to 10M shares at a time above 0.006 and up to 0.008.. Let alone those who bought last year. So as far as recent trading goes... 0.003 has not benefited too many individuals for much money at all. Sorry for digressing re the consolidation idea... Just my ramblings for a Sunday arvo. Market cap is way too low at the moment. It would be good to get an update of any substance from the company before Xmas.
Cheers Mitz
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Last
49.5¢ |
Change
0.010(2.06%) |
Mkt cap ! $81.34M |
Open | High | Low | Value | Volume |
49.0¢ | 49.5¢ | 47.0¢ | $567.8K | 1.157M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 44.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.0¢ | 39277 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3874 | 0.425 |
1 | 2150 | 0.410 |
1 | 62780 | 0.405 |
1 | 4999 | 0.400 |
1 | 10000 | 0.390 |
Price($) | Vol. | No. |
---|---|---|
0.440 | 44298 | 1 |
0.450 | 150126 | 6 |
0.460 | 10343 | 2 |
0.475 | 1920 | 1 |
0.480 | 18292 | 2 |
Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
TTM (ASX) Chart |