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6,059 Posts.
5
07/02/16
13:35
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"Issue here is too many shares on issue"
Too many shares on issue may represent happenings of the past, however the most important aspect here is the market cap.
At $11.5m market cap any good news could see this move many multiples very quickly.
1cent - $23m
1.5cents - $34m
2cents - $46m
3cents $69m
5cents - $115m
10cents - $230m
PLS current market cap $300m
AJM current market cap $55m
Interesting times!!
Cheers
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